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 5, 2009

Struggle

that white line is the old high, I wonder ..... Bull trap? or...

this is the third time we have hit this level... a nice pull back and then some real violation is the rule of threes.
The move against this resistance at 900 isn't "Clear". SO.... I'm hedging here.... I don't know... I for some stupid reason say upside bias... we have been at the 900 level three times, and that is more times than the lower resistance.... I want to see some agressive violation of the 900 level before I can suggest a pull back.

Oh good Carter worth is on.... The guy who said Sell last week says sideways this week.... who said hang on to stocks at the market decline 2 weeks before.... Now says sideways... He is like all the news from last fucking week... Let me just suggest we won't go sideways. since we have been for 4 weeks.... had he said sideways 4 weeks ago, I'd give him props.. He honestly has degraded into telling you what has happened..

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