...... 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....
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
Tuesday, July 1, 2008
Hold your ground
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