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"

Friday, January 2, 2009

Official... non hedging Crystal ball

I'm not sure I've done my crystal ball recently...

I think we are in an uptrend through may.

Chance of a Retest in the next month.

There are a ton of important milestones from now through the end of the month.

NFP next week,
Warning season will start in the next couple weeks,
Then we get Expiration and earnings.

There are plenty of headwinds in the next 3 weeks, to give us some pull backs... But I suggest they are buy able.

I also think that we will have 2 up days for the beginning of the year... then either a sell off on monday-tuesday, or a sell off for the NFP.

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