Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, February 20, 2008


So... I'm looking for a move down to 135.20 or a move up to 135.70 with a new high... and flattening out again..... a move higher and I stay away...
What I'm talking about is a series of higher highs that are only slightly higher.... but also...
I'm defensive about covering if it looks like the down trend is decelerating..... in a short term trade.

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