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"

Friday, August 8, 2008

energy

I've been struggling with the idea that energy could catch a short term bid... or be range bound for a few weeks..... This chart looks like it could be developing still...
I've moved my stop on my dug position... Seems weird that with falling oil energy could catch a bid... but This just hasn't gone through it's "Valuations are good" stage.... though it looks like it could be developing.

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