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, August 27, 2008

How about this for a Model

How if We break support tomorrow, selling off... Move sideways on friday...

but over the weekend or Monday this Threat from the hurricane, dissipates.... and it moves oil down below 110. and the market rallies 300 pts, and we never see 11300 ever again.

or till October... if we do break down, and sell off heavily... and financials get hit too, I'm going to load into some of them. Even if oil doesn't sell off, that sell off in financials on a break of support on the SPY, could be a Great buying opportunity.

There is also the anticipation of fanny freddy rolling over all that debt next month.... that could be another great sell off to buy them.

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