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"

Monday, December 8, 2008

How about this game


So, if you see my lines, here we are from 11am to 1:30 we had a 2.5 hour 2 Swing Bull flag on the short term. In EWT that is a wave 4, and then a follow up breakout... COULD BE A TOP, of the micro move. All the targets I have are in the 90-94 level on the spx, with heavy stress on the 94 level, which maybe with an upmove today, and up futures tomorrow COULD put us there.

but most tops and bottoms are preceded by significant bear/bull flags.

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