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, March 5, 2008

I was musing on my rant about market timing.... if you realize that the technicals can reflect the news..... it does feel like a chicken egg thing... but it's my explanation for why we sometimes dont go up or down on news one would think would have a big effect.Multi day spy..... 5 days.....not including today.
resistance:
133.8
134
135.15
My expectation..... this impulse A wave to end some time....... and then a B wave correction... Followed by a C impulse up... or sideways...... ending...... thursday morning...
Maybe we consolidate this week..... more triangle action.

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