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"

Thursday, January 15, 2009

Pointed this out

I pointed this out this morning. you can see the downside target shown in green, which hit perfectly. But say we get a bounce here(in the daily chart)... there is that chance that the spx will follow a similar pattern on the daily. where we get a small bounce(Red).... which fails.

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