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

Chart astrology

With a full moon.......(lol, I may keep this joke going).

I suspect this will provide, a confused motion to the market. I suspect the banks will continue to build a base, as Tech and consumer dissapoint(or are just taken behind the woodshed, because the market is bitter)

In pink is the sidways motion... this first move has a few more stages to go(2 to be specific).... Then some upward motion, and another pull back.

Maybe Down futures? morning sell off, and then some buying, followed by maybe a sell off into the close.... that could complete the "correction"

AXE after hours... You know we have seen this before... sell off in the post market, then a strong open.

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