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

I'm not posting it....

Just some thoughts.... You know this is how I think things through, so... here we go.

Start in the middle work my way out.

I was reading some T.A. which pointed to an inverted H&S. which takes us to 1050spx....

Ugh, last time I heard T.A. like that and felt this way it took us from 11K to 8K... but I still have that T.A. and it takes us to Negative 160 on the Dow.

With the break out above the 900 level where all the 2D traders like to watch, which coincides with that H&S breakout... Seems like we are running out of technical reasons to buy the market.

but ... You know there is that 1050 target LOL!!

I also pointed out the 3 day swings in the market, and tomorrow is day 3... My 94spy target is just 20-40 spx points away.

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