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, February 23, 2009

charts

I was looking at these... The lack of any form of bounce today..... that is just tough to dismiss as negative. AIG begging for more money, GM more money C, more money..... WTF!! you just think that every bank stock is going to .50 and our goose is cooked. There is this sort of wedge. When we look at volume.... today was less than friday.. but on par with Thursday/Friday. tons of macD divergences...

The only bull case I can make is that There isn't one case of bullishness out there.... and it's like Lord of the flies out there... you also look at the context of that fattie candle we put in today.. standard Candle its bearish as all hell.

Also... Right... they shoot the generals last. Problem is we don't know who the generals are... they were shooting tech and...healthcare....semi's... seemed like they were selling it all.

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