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"

Friday, March 7, 2008

Betting the turn

So...... It's time to start thinking about the turn........ When to cover.... When to go long.......

My crystal ball says bounce at 126 on the spy..... those are arbitrary numbers. the last decline was 8pts on the spy to 132.8..... So......124...... there is that magic number we have been looking at for a month......

I'm just running through it in my mind...... If only I can get it past that little squirrel on the wheel.

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