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"

Wednesday, July 23, 2008

quick look at the xlf

22.25 looks like a support resistance level..... I'll suggest that at one point Mother market is going to reward those who purchased below that level, buy making those prices, prices you will never see again.
And the market will also start to not reward people who only believed in the rally a week later.

or not.

I guess I'm saying that will become a new Mason Dixon line for the financials.

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