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, April 3, 2008

sigh

so..... The weather has been crappy here. and it has me with a tragic case of spring fever.


I wonder if most of this rally is spring fever, trader fatigue by traders.... they just want an upside rest... before we get back to beating the hell out of the market.....


certainly that is me....

2 day spy.... LOOK AT THAT SEMITRY.....ok.....umn The right wave which isn't finish.. is slightly healthier that the left.... overall.. we are neutral in here.... as I see it, but have yet to see the wave finish...... But when I talk about 'w' patterns.......you can see it on a Macro level here.. but you can also see it on micro levels... and the inverse becomes the distribution patterns. Like I pointed out.. we saw a little distribution yesterday. and alot of accumulation. Now we are seeing more distribution.. but more accumulation.... But without the short covering the bulls will have a hard time at the next levels..... higher.

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