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"

Thursday, June 19, 2008

Mad Max Trade

On the rally this morning I started some short index positions. I could see we were setting up for some nastyness. reflex rally. Time to find some buyers in the market.....

I think they are lower.

We could find those buyers monday or tuesday of next week.

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