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"

Friday, May 9, 2008

On drinking and the close

... Scotch or do I pop open a bottle of wine.... I'm not psyched about my drinking... it gets me off my game.... or I just feel more emotional about it all..... It's just money right?


So, a week of the oil down trade, financials up... a week of up oil down financials feels normal.....
Worst case the financials retest 24. and we get a run again..... or retest that trend which is 25.10 or so....
I kid you not... oil is range bound near term... and it feels Manic... Everyone chasing it will need to pay.
I was looking at the Spy... and it still looks to have some downside in it... I like my 137.5.... 137.3 the fibinachi works out there abouts...

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