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"

Tuesday, July 8, 2008

things I forget, things I remember

I have 2 reasons to think of some upside...

  1. We tend to price things into the market before they happen. Earnings start today... I would think we will try and price it in before hand. I did forget that we get those earnings after the bell today... based on this theory, we would get a short term low tonight. But it could be anytime this week
  2. Seems to me, that before a big orgasmic low...
  • we muddle, and we muddle till we pull back to the upside enough to create the downside.
  • We usually have a small short covering rally of 200- 300 pts.
of course none of that matters, and it is a poor bet... but my bet... Still is that because there has been so much near term pain in the financials... they could get a small bounce..

Or I'll lose some money.

I'll tell you what has me concerned. I tend to day trade, and do well... then after a few days of it.. I increase my risk. so instead of "Grinding it out" like I feel I should. I start playing a little too hard.... I seem to have started a pattern of this.. and I'm not sure it's good.... It's like being a Gambling addict.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc