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 14, 2008

I tell you what is trying to climb the wall of worry/ or terror.

The VIX

3 comments:

new comer said...

yes, movement of stock tells me the market is super lack of confidence to Congress, Treaury or even Fed. i hate this kind of market, why don't we have a freefall at once - quick and dirty - and bounce from lows, this kind of bull & bear struggle makes me feel tired.

By the way, i like your music - fly me on the moon. when you are uncertain, don't trade and let's listen to the music.

Eric said...

I think we are looking at a Very Cautous uptrend...

Very cautious... bulls putting small toes in the water.

Eric said...

oops there goes my uptrend

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