I had intended to try and convince myself that we have put in a top. This is how One draws my sell pattern, and it doesn't fit. I do have to say that we made a series of slightly higher highs.. but it doesn't fit my distribution patterns...
*shrug* I say we are just consolidating for another move up.
And for hells sake.... This is why I try not to post trades...
I took my win on my short gold position yesterday, we were hitting resistance, the easy money was gone... I did start a small new short position... Problem is that position is based more on ideology than anything else... and that is a great way to lose money.
I also cleared my Oil positions(mostly) Figured we would hit 50 find some resistance. I may look to reenter
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
Wednesday, January 7, 2009
Intention
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