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, December 31, 2008

50dma descending trend line

the 50dma is here, and that descending trend line is about 10 above here on the spx. I told tony that the next time we messed with the 50dma I'd be bullish.... I can't go back on my word...

Seasonality says be bullish through Monday.

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