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"

Sunday, August 24, 2008

SCC ultrashort consumer

So..... The Safe entry is when it breaks that Green line.... The Big red line is probable resistance on the way up... Which does suggest a pull back on monday, then a big move on TUES-WED.... Or.... Pull Back Monday, Big day Tuesday, Pull back Wed. "Top tick" thursday... Dome top Friday/Tuesday(labor day is monday)... Isn't there a natural pull back Pre holiday Weekend?
There is the 1 minute chart..... We don't really have an entry on this chart... and the SCC isn't that Liquid.... but it is tradable....

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