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"

Monday, April 7, 2008

trendlines


this is not the healthy downtrend I'm looking for... but have to start somewhere.... I've drawn out some trend lines... looks like we are staying in the pink ones.
As an entry point... you are looking for a developed uptrend and you are waiting for it to break down..... That is a good entry...
We may get a nice uptrend that will develope into a failed high.... But maybe it will be better to catch it tomorrow....

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