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

RF regions financial

I'm Playing with fire... this is a 3 day 15 minute chart...

5x volume yesterday, slightly lower low today... seems to have found some stability. The down side correction shows 2 legs down. It's about to break the downtrend(wave 5 down trend, not the overall downtrend). MACD divergence, on about every time frame..... It seems good for a bounce... if not a near term low.......

NOW They have not cut the Dividend, it's payable After next Week.... Every posiblity they will monday or tuesday.... But it seems Cooked in... But that doesn't mean that it won't take more pain.
I will be temtped to hold this into the close, if it can hang on into the close.... and if oil can break 132.... that will make it much easier to sleep.

Super Scarry Trade!!!!!!!!

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