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"

Tuesday, July 15, 2008

feels like a rally

4 comments:

tradewell said...

Are you taking any action because of the banking sector crisis?

Yes, taking money out of the bank 4% 989

Yes, taking money out of the stock market 7% 1699

Both 7% 1683

None of the above 83% 21413

Total Votes: 25784

CNN measures people's sentiment :)

No panic. I think it's a rally, too.

Eric said...

I think we will see up futures, and they will be shortable.. but I did hit the SKF a littl bit ago... small Position...

this is the longest rally we have had. I think if we see some Optimism, or optimism about oil in the morning. I bet that optimisum will Lead us Astray, and it will be time to get short.

that trend channel is about 1.5 spy points away

Eric said...

I am thinking if I say BOOYA SKIDADY we will sell off... some more..

cause... "It's all About me"

Actually I just added to that short position.

I think the market is back to doing exactly the opposite of what we think...

tradewell said...

I'm so exhausted from watching everything for 2 days now. How do you do it? (rhetorical, you must really enjoy it).

If oil keeps dropping i'll start buyin USO.

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