There is nothing good going on.... at best out of financials you can hope for neutral action... Maybe a bounce one day this week.
Short Retail, short TEch, short r2k on strength work.
If oil can break we could get one up day.
I can talk about how there are some uptrends, and Testing bases. But even Day trading Long sucked today.... made money, but it was like kissing my sister.
I can throw wave counts... etc.... but.... The money will be made short.
and if you don't want to own it.... I wouldn't buy it.
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
Monday, August 25, 2008
If it's not obvious
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