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, May 5, 2008

hey a chart

what is this 15 days on the spy? ....

so.... Friday looks like the begining of a wave 4...... Why do I say that? well... no distribution... Or we are sort of Neutral distribution/accumulation... in my chart astrology.

So.... Pull back maybe into tomorrow morning or even Wed.... Then 2 new highs.... and we are done.

that red arrow shows what is not distribution.

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