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 16, 2008

Wow....

You know.... I'm Mountain time. It's tough to get to bed "Early" by market standards especially with daylight till 10pm....
Enough with the whining....

Point being...

I wake up every morning, My TV comes on and its 'joe' "GOOD MORNING...bla bla bla."

"Morning Joe, get me becky"

But here it is, 2008, and I wake up and suddenly it's 1930's again and they have to get the uptick rule back in..... every bank is going to '0'

Wow, It's going to take a walk this morning to shake the boogyman loose.

"Com'on Cowboy, time to get back on the horse"

The Accelerating Decay cycle..... well, it does show how 1974 could have happened. and a Weekly melt down of the market. It also gives us a Weekly Playbook in that case... It says Monday is a good day to be short, Tuesday, to be long, and a Single Swing on Wed. then 2 on Thursday. and 3 on Friday.... Or something...

Currently the Dollar Euro says Double top.... but that is a pattern that has to prove itself over time. but if it was more Bearish... it would have happened.

WFC raises dividend, .53 eps vs .50 estimate. GO WELLS FARGO!!!!

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