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

signs


there are some beginning signs of distribution.... usualy we see some slight signs, then one more big push. up... then some real distribution.....
In our wave counts.... this is now Wave C... Wave B ended this morning. This is a nice healthy slow sidways wave... It's dangerous but I expect a nice move to 1400 on the SPX.. then we should get a nice Macro B wave.... Right?
This is the C wave of the A wave of a Macro ABC.... correction.

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