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 9, 2008

this is all just classic Short action


It's for the most part all short covering..... The minute that the market tries to give up.... We bounce, Then when the trend lines get broken we get covering then no follow through.

What we can hope (there is that fucking word again) is that with new shorts in the market, and them Piling into the banks.... the will build their own bear trap at such low levels, we can get some action....

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