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"

Tuesday, August 19, 2008

Wilshire index- and an attempt at optimism

I'm trying to muster some optimism. Maybe we can focus on something else in the morning.
Bad news is that the Dollar needs a bit of a reversal But is currently trading down....
The XLF, on the Rehash of the old MEME only sold of this far.... Which is a higher low, than the GS JPM boogyman that got us before.

Bad news is the Mean is 20.00, 50 cents lower.... To look at the chart and ignore the SPX, You would think that the XLF has had a significant sell off and is ready for a bounce.

And... hell... if we sell off more, I'd love to pick up more WFC cheaper.

I had someone look for my wilshire index.... Umn... I just checked it and it wasn't updating.

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