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 12, 2008

Very early morning

it's 12am here, and Hopefully I get some sleep before the open. I fell asleep about 9pm and woke up at about 11... Ya, I have awful sleep patterns. I've had a ton of sleep this weekend, super healthy though it was scotch induced.... but still better than 4 hours Friday night and 7 on Saturday night. then 2 hours on Sunday.



I got up and logged into cnbc to see if I could trade Forex. 5 portfolios, 24 hour forex trading. Plus my honest to god trading is going to kill me... Though, as always my real trading takes precedence. It would be stupid to mess around with that stupid thing instead of actually making money..... But it will probably get out of control. Not sure how I will deal with Forex, that is the reason I don't trade forex, 24/7 trading would kill me.



But good news, looking at many charts this weekend, and bet on this Long Financials short oil. This mideast bullshit, will wane and the financials should rally, if not Monday, then tuesday... Should bring the market with it....



oil is down a buck in electronic... (course never count on electronic to hold) of course it did go to a new high on Mideast bullshit....



You know that Dubja is doing every thing he can to make oil go higher so his oil buddies can take Our american oil from Anwar, and using the SPR to do it. as the SPR is as full as it's ever been. I'm not saying we should use it to drop the price of oil, but that we could wait for pull backs in oil to fill it for hell's sakes..... use a chart like.... if oil pulls back 1% buy a little if it pulls back 5% buy some, if it pulls back 10% buy more.



1.53 dollar Euro.... euro getting creamed. oil down .15, Spot gold down $3.....



I'm looking for 1.5 dollar euro, gold 820, oil $110(I've revised my $105 call last week)....



but.... none of that means gas prices will go down....



Let me warn... only thing I have bets on are short refiners, long financials. and I'm not tracking any of the rest of this shit.... currently.



24/7 Forex trading... who at CNBC is trying to kill me... everyone...

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