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"

Friday, October 3, 2008

My best guess



is that instead of a rally we will build a base... Maybe through options expiration

1 comment:

tradewell said...

Overall it's been an orderly sell off in the last year or so (since sept 07 i think), maybe there won't be a panic after all, just slow bleeding.

Down Monday, then maybe they cut rates.

Each day is packed with at least 3 big moves. The markets will hit the bottom once all the traders are institutionalized from mental fatigue.

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