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 1, 2008

Hold your ground

...... I've looked for 3 decent rallys for the past 700 dow points. and missed them all... at best we had 100 pt rallies.

I just don't think the market believes any rally....

Emotionaly, we had a great wave 3 downtrend.....
and the last 2-3 days have felt like a wave 4 counter trend rally.... I just refuse to believe it...

Obviously in a longer trend... it's down and we will be lower.

But Yesterday I felt like I started to see some short covering ... and today....

So.... I guess I can say I think it's comming....

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