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

some tea leafs


Feels like we are setting up for a spike higher, Maybe the close. There is so much resistance right now at those higher levels, on everything I'm looking at, and it feels like it's getting Heavier. I'm not seeing clear distributions, and this is feeling like ascending triangle, even though I can't draw it. :) What I'm saying is that many issues I'm watching keep banging away at resistance, even water can break rock if it bangs away at it for long enough.

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