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 24, 2008

spy

this is one possibility..... I saw this yesterday.

I have guests, right now... semi-unwelcome guests, that insist on staying up till 2am.... making it extra hard to sleep... so I'm a little slow right now.

Here we see the lack of predictive properties of the EWT... as we extend the third wave and look for a wave 4 pullback into wave 5..

I like the dollar today... very bullish.... Surprise on the jobless claims... we are in a recession!!!!

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