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 2, 2008

Well

Just to Waffle again....

We are going lower... Much lower..

Only buying is short covering.

I agree with TK that yesterdays buying was only new money flows coming into the market. and they were selling into it.

This market needs to go much lower.
It doesnt' care about oil any more.... It wants to go low enough to price it all in.

Stay tuned for my afternoon post about how we will rally 700 points....

Just warning you now.... and trying to be funny

I do like TK's trade about bbx. but I like it at 1.60 or 1.50

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