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

We broke my index stop.... but when we hit the 61.8 retrace we caught a bid volume spike... So like And idiot I'm going to start it again....

With weak oil strong dollar... and I guess everyone thinking ARS and a CDO is the same thing.... and 1 trillion in new write downs... I guess....

I don't get today... Except maybe.. Nobody cares... We want it to go Up or Down..... One of the TWO. If it won't go one way......

I am having some trouble reading technicals enough to effectively trade it...

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