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, August 21, 2008

Conflicting indicators... Or I'm conflicted

The XLF has broken that little red line, which is the overall downtrend of the XLF.(shown below)


The spy.... has moved past resistance... But... Things are fairly flat, It just seems like there isn't much confidence in an uptrend. It's in a sort of wave 3 of the uptrend...... and if we close green. Seems like we have our 2 updays..

Paul Mccully is in Jackson hole, Outside against a rugged backdrop, wearing no socks... and like Slipper shoes.

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