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"

Tuesday, December 30, 2008

Morning

Leadership opened with the financials, moved to semi's...

then seems to be industrials, stregnth in health care... and what we don't want to see, some other defensivs like utilities and non-cyclicals.
So we can see a huge(relatively) gap up, with a nice Gap fade.

We havn't seen a healthy upday in sooooooo long... one that doesn't involve a heck of a lot of short covering....

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