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"

Friday, July 11, 2008

I refuse to call a "near term low"

But Let me just throw out some stuff.

  • "I keep thinking we are going to crash", We will probably "near term low" when I'm sure of it. My blog isn't called "buying the top" for nothing.
  • Vix and more has a Strong buy, based on VIX:VXV ratio
  • Even Barry is talking Bounce and Panzer, based on AAII investor index.
  • This Month's Visits and Page Views
  • In the above chart Barry's traffic is starting to spike, by past experience. We get a few days of Hyper Traffic, followed by a "Blow off Top" in that chart(Wave 5). which is the Bottom. One could read that into this chart that today was the "bottom" but I'm VERY SCEPTICAL.
  • TK mentioned that at a"Wash out" his Terminal Crashes, This happened to me for a few minutes today.(but it wasn't enough)
I don't think we are there yet... but Days away, no matter how many bailouts we throw at the market. We just have to go through the motions. I've suggested that the market could surprise us... But Like Teresa Lo says, It's never different this time.

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