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, February 18, 2009

Bare with me

I haven't had my coffee, and I refuse because my body is rejecting the idea of more stimulus(no pun intended, but it's funny... since I'm pro stimulus.)


but At this point I'm riding the lightning(trades) I have, and am going to start unrolling positions soon.

Like I keep pointing out the magnitude in a relative fashion of the current moves, It was pointed out that we are solidly oversold... and this will slow this move down... and cause a more violent reversal.

but we are at spx 782 and it's a quite a few handels to 740... about 400 pts on the dow.

that should get retail attention.

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