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, December 12, 2008

Discipline

This is where discipline pays off, we see my standard "top" setup, and I expect to see resistance at the trend lines, but what to look for is that "resistance" to break down.

all of this assuming that we haven't reversed course, But I think traders were carried away like I was shorting the market, and that gives you this move.. If you notice I marked two other bad entries I made today.

amusing we aren't "off to the races"

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