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, October 23, 2008

Financials Sentiment

The last 2 days the financials which were outperforming have been trying to retest, like many sectors that have already retested and failed.

It's interesting. the earnings, which as nobody noticed, arn't getting worse. And some show getting better Slightly. Depending on the shit you have on your books.
In the end of the day there are 2 important time frames, what happens in the first 10 minutes, Sometimes you can move up for 10 minutes then sell off for 5 and have it crack the market... but besides the 10 minute trend, that is predictive, sometimes there is the 30 minute mark that can be a pivot point.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc