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"

Sunday, August 10, 2008

Consumer

Word on the street is the “B” is in. I’m Cautious about that, of Course.

I think there is a strong possibility that Financials, and Consumer… Hit “it” at the same time.

There are a ton of things I don't know about this process, I'd assume that sectors will "B" in separate monthly Time frames, But I can also see how Based on this specific Cycle, this could have happened simultaneously.

It's suggested that Consumer and Employment are Tied, Certainly it’s possible that employment…is also.. Completed.

My theory is/was that Consumer would hit it on a “There will be no Xmas Trade” in october/november… I also, usually feel like when I “Chase” a trade, I usually Pay for it.

So, It’s still possible.

But From my weekend reading.... Even some of the most Bearish.... have Begrudgingly warmed up to this possibility..... It's possible.... Every dollar of sideline (Fast Money) cash, and shortcovering, will happen this week... Except the stupidest on wallstreet...

This is a nice healthy Elliot wave for retail......I don't know....

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