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"

Wednesday, January 14, 2009

Morning

I saw "The big chill" Last night. Did you know Meg Tilly quit acting in 94?

We had a small bounce in the 5 minute charts, which replicated many of the smaller bounces we have had in the 1 minute charts.

Rig had a green bar yesterday..... I'm nervous but that is an entry point this morning, Seems like the EIA report may be the better entry.

What I'm looking at is a bear trap on friday or monday below the 86 level on the spy, could give us a reversal....

or not.

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