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, January 12, 2009

Maybe

Todays chart is much nastier than friday.... NFP sentiment goes from friday through monday.

Seems wierd we would close on the low... of course we closed on the low on friday, and didn't get a bounce..

We have an attempt at a bounce right now.... sure there is the "power Lunch" reversal. and maybe that is what we have, There is also the chance of a 2:00-2:30 reversal...

What would be amusing is the "Maddoff Bail Revoke Rally"

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