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, March 13, 2008

As iratic as I am..... and exhausted as I am.... I'm looking for the ultimate pivot points like we had at up 150 yesterday.... These Violent upmoves are likended to the violent down moves in the Bull markets..... and it does show clear direction .... Down.

We will go down and retest 11700... and probably break it move down to the low 11K Then we will probably bounce hard... back to 12500 or 12300.
the next rally should be playable from the long side.. "more than 3 days".. but it won't happen till next week.. probably pre FED meeting.

These are my crystal ball projections. Sure we don't have a specific catalyst to make you believe in the down move... but how about the fact the banks just can't lend. We will probably head down untill they can.

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