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"

Tuesday, March 18, 2008

confirm the bear

...... I may lose money, but regardless of these painful 80 pt moves in the SPX.... UGH.... I wish I was day trading it.......

My thesis till we get to the 1320 range is that we have to confirm the Bear..... 20% decline which is 1220, 11300.

We need that great break down day.... Then I can get bullish.....

I spent some time looking at bear markets, I don't see any reason that that first 20% decline in the bear market isn't in the first 6 months.

there is a lot of work being done trying to manipulate this market, which is very bearish....

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