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"

Sunday, February 1, 2009

One more time


Nice Pennant..... Pennant has what chance of breaking with the trend?.... What about volume? Increased volume selling, decreasing volume buying. Where does it usually break out... 2/3rds the way through?....
how do we trade it?.... From trend to trend... and on the break out...

the up move last week? declining volume? The down move? Increasing volume?

Seems like a Rorschach to me.... or not.

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