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

still a believer but....price pays

4 comments:

Tony said...

Falling knife?

Eric said...

I said this yesterday, that we could come back to 21 and find support...

We have primarily done that... but there is no reason to... just wait and chase it tomorrow.

Eric said...

you can also look at it like

"the market doesn't want to chase it as high as it was... It sidelined people.

Eric said...

As you watch the TV nonsense, realize that most people see it as a "Stock Market" and not a "Market of stocks".

So Yes, Bear market rally... but it should be a nice summer rally.

Yesterday when we were kind of neutral... The question was... if we go higer, I sell, or if we go lower I buy.

How mixed the opinions are...makes it interesting.

Here at the close... the bias in the morning looks up big.....

New Economic Indicators and Releases

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cnbc