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, July 21, 2008

bias change

Looks like we have switched to a negative bias here...

3 comments:

new comer said...

yes, i think so - i got the feeling that the party is over, price movement was not as robust as i expect, besides, trading is only up to 1 and a half hour but already lack of energy, i am expecting there will be a light sell off in the afternoon.

what's your thought?

Eric said...

Sorry, things are so slow, I took a nap.

believe it or not, this is a correction.

It's still about oil, the storm has it kind of strong.

Eric said...

there is so much volatile, rotation going on....

I think we may get a simple pull back here. "party over" probably isn't it.... I think that the market isn't going to give people much of a new bite at the banks, though they keep hoping. But plenty of opportunity to buy tech on the way down.

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