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 14, 2008

remember my rule of 3's

Not that there is something magic...

But say oil comes back to 110... and they buy it a second time..... Then it will bounce.....

It's that Third time it Retests.... Will it retest 120 3 times... or 110...

Does it matter to me?...... not really.. but whichever it tests the most... is where it's going....

but if you want my best guess......

;) Boon in wrong... but buying it at 100 is another significant resistance.

after this run to the upside....we should get a segnificant correction...... Much more significant than the one this week.

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