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 19, 2008



That is a 5 wave move in an ABC pattern.... which is a bear correction in a bull market..... If it holds and corrects to the upside.......


in a Bear market... We are in Wave 3 of a 5 wave down impulse...... If we can hold the down move to the close.... and have a huge down day tomorrow


That has developed into a nice healthy 3rd wave in a Bear trend..... But it looks like it wants to Turn... Hopefully a wave 4 correction then a wave 5 sell off into the close.

I'm 70 percent we are still in a bear... but but but.... I can feel my mojo off... Which is why I'm still Laying up.

If it goes into a Wave 1 Bull... Followed by a wave 2 Correction then a higher high toward that 134 level.... Run like all hell, cause we could see 13000 before you know it.

There is so much short interest in this market.. it has to run out some where.... and so does the Bullishness.

Back to the garden with me.

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