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"

Thursday, February 21, 2008

solid ABC correction.... See me get a spanking on that and a very bullish move BTW... I saw it develope and wanted to get out..... and couldn't pull it off.... maybe I should stop blogging....


Well I wouldn't' doubt a test of yellow... or Red for that matter... or again a move above read and then back down to green.... The red and green are again the consolidation lines for this market.
I was just looking at some commodities charts... and the look like topping patterns to me... BTW.
I'd be curious to look at them in more detail.
Little update.
SPX right now is bullish, Dow is bullish.
Nasdaq is bearish and iwm is bearish... Financials are stronger than expected, and the Semiconductors continue to show weakness.

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