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 30, 2008

This feels good for a reversal..... You know how I do this..... Now... I'll probably be wrong today....

but... what happens is there are a million deviations in the market.... Like oil going up while the euro going down.... and a bunch of other stuff....

but at one point it starts to feel like everything has lined back up, and spent itself.... adn that things are going to go back to normal patterns..... Oil starts to decline, the xle goes down the xlf starts going up.. very natural order to things.... and that is usually when the turn is.... sometimes even a declining smh will indicate things are still out of whack

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