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



Like I sugjested yesterday we got a C wave today. All the asshole day traders..... "What? who Me?" Came in rushed into the short trade forced the market up... with short covering... then the longs game in and took it to us like baby Seals.

As My mantra is "Stick to the technicals...." this is a great ABC correction... super strong... Which sugjests we should soon have a tradable bottom(near term low). So Instead of freaking out... which I was.... I decided to go get some coffee, .....

I would love for some sell off this afternoon, to feel like well so I can get into the green.....

what the market will do is have all these guys going long panicking over the next 2 days and hopefully give us the 300 points of downside..... I want.

worst case I lose some money.... this is the first time I've wanted to bail with a slight win... for a long time.....

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