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"

Thursday, August 7, 2008

Mojo

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
John Maynard Keynes

I havn't done a quote in a while.... so there.

I have the bad mojo this morning, Feels like the Yips again. Or I need to just dive in and make some mistakes or make some money... One of the two.

Oil is up 2 bucks, more than it's moved in 2 days.... Feels like a short covering rally. I like my Idea that Oil is about to catch some kind of Near term strength.... It feels right. Seems like we could be out of Oil Bears. And that was a huge Build, Vs such a large expected Draw... The action feels Near term Bullish, pluss all the sentiment.

Sure, we have an ascending Triangle..... But it wouldn't be the first time a pattern has failed....

Of course, here I am ignoring the technicals...... Like an idiot....

Seems like it's going to be a fun day.
http://students.umf.maine.edu/~nielsemj/thegreatdepression/family.png
How about a picture of the great depression, I can't believe that the Freddy CEO had to defend that we were not going into the great depression.

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