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"

Thursday, July 10, 2008

indicators

Anytime I'm talking about crashes, we are days from an important low.
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This is site visit Data from "The big Picture". There is an increase in traffic as we get to "Panic", and we have yet to see it. there is only a slight increase. it will take a few good days of increased traffic, then a "Spike" that will be the Turn. you can actually almost draw an Elliot wave here, and it looks like a nice wave 4 over the past 3 days.

I also wonder if Carter Worth was out today, Shilling for a panic... I wonder if he is doing his level best to get some panic going.

Another good indicator, is that Just before an "important low" even the Bears want to jump off a building.

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