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"

Wednesday, August 20, 2008

sense of Deja-Vu


With this Fanny Freddy MEME... and with oil spiking.... I feel like we have been here before.

Like july 15. The MEME seems like it's on the way out... and we are going to have a short solid rally. For the rest of today... or a few days.

I picked up chevron a few days ago, and I'm going to dump it.. or run a stop for the rest of the day.

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