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"

Saturday, July 26, 2008

I wish I could draw the charts.

or wish I would draw them... I was trying to make th case for a Bull flag, in a counter trend.
then I realized I had to make the case for a Bear flag in the trend.

But.... There is no greater truth than that we are making a lower high... which has yet to be confirmed by a higher high...

Maybe I'll throw out a little different model I have of a sort of domed top formation....

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