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"

Tuesday, February 17, 2009

I never know

what helps people.

This is my suspicion...

there is no hope on the boob tube. So I just want to note, that there is a good chance we have started the "Abandon all hope" Bottom.

I think there is a chance we will get a "Despair trade" into a low today or tomorrow. Or today and tomorrow.

Then maybe a solid Bear flag... Into a panic low... end of the week... maybe even next Monday.

this is just a wag.... but I'd say there will be 2 stages... an exhaustion phase, then a panic one.

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