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"

Monday, August 18, 2008

I saw this chart yesterday... from trader mike

My rule is not to chase this downtrend....

I may play long a bit if I can see something good..... Those downtrends look weird. We could get a turn when the homebuilder data comes out.

I did short the XBI after swearing I wouldn't.. Which means I just got the index, instead.

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