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"

Friday, April 4, 2008

continued bearishness in wave C


Here it is.....


So... the green wave has now turned sideways... and is turning into more of an ABC correction...

We are still in wave 4... and we want to see wave 5 before we enter..... We don't want to chase the move... We want to see the correction....... Maybe it will be an inside move into the close.... Maybe from now till 3 eastern we will get wave 5 and it will the sell off into the close.

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