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 8, 2008

this is the uptrend.... so..... There is a possiblity of a continued sell off tomorrow.. but I don't buy it.... on this downtrend we had one hell of a wave one, and then a nice little wave 2.... Then a shitty wave 3... and then a lousy wave 4.... and a shit wave 5...... in fact it seemed like we had more of a wave A downtrend.. then a wave B uptrend... then a short wave c downtrend... this trend is nothing to get excited about... but there is a chance of a larger wave C... but I'm doubting any more than some down futures into a shortcovering Wed.

We are going to get a nice Wave 5 of this larger trend IMHO. It's a bullish uptrend.. so a nice uptrend into a new high is probable....

Overall... I'm looking for some Bear Capitulation here... just a final give up...

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