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, June 2, 2008

materials

Market is weak this morning.... Dip buying attempts in oil and materials continues.. I'll stick with my thesis that this stuff has another solid leg down.


The regionals are taking a beating this morning... but for the most part have yet to break the lows from last week.

and have yet to make a lower low.... Also these pull backs are on lower volume.... Feeling good.

Looking at some of the Regionals... roughly they show the same pattern.

Nice.... Well we just had a Jump of a buck in oil......

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