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, April 1, 2008

2 day spy

So.... this is the trend.

I'm scared of the retracement........

I still think this rally will fail..... I'd like to call this the 120 IQ Rally.... This is the slow money getting their dicks out..... Will it bring in the sideline money?

This is so straight up.... again it feels like a short covering Bear market correction... if this wasn't so vertical, i'd give some credit to the bull rally...

it's possible this will slow down and we will get a good clean bull run.....

I guess we are going to see..... in a bull correction, we should expect a 'B' Wave. for a day trade it should be playable. Then a new vertical C wave....

There is still a lot of short interest.... hard for the market to go down when everyone is Bearish.

If you ask why this didn't surprise me.. as bearish as I am.... I should show you a 20 day chart..

I'm trying to ignore the market today... cause... Me Tired...

To be honest, I'm getting long Biased... For the most part, the money has been made short.... there will be some opportunities... but it's going to be better to wait things out and buy the pullbacks.... I'm not saying Dips.... they should be Pull backs.

We could see a 2 day pull back... C wave correction.... then that other run...

This market will be flat unless we start getting big negative NFP.

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