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, September 17, 2008

When in doubt, Obsess about the technicals

I can make some completed waves... I also can make a nice wedge there in blue. I can also hold on to the idea of even a down open. but..... I can also see this move accelerate.

If that lower trend can hold, then Good stuff.So, the red trend shows that we are accelerating..... Blue shows a significant third wave.

When you put that green line with the yellow pink or orange trend, It "Hints" that the move Might be decelerating.

Truth is this market wants to go to a level where there is some confidence, that if you buy it... you will make money.

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