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 15, 2009

Some stuff

Futures are in the +/- 50 range or +/- 5 on the spx... I imagine that

dollar is strong again 1.277 euro.

good to see that asia(and the futures trading) remains in a lack of hope.

they are also selling gold which is bearish for the market (thesis being, if the chickens cant's can't hold gold, seems ominous for stupid pieces of paper.

Assuming we need a good "Flush". we needed a 300 point sell off at the end of the week, then some shaky trading until that "Flush". The big problem with the rebound on Thursday is it didn't give us that preliminary move. Which would suggest no Monday/Tuesday reversal... and... I'd still be suspect about a Tuesday reversal.... With my model... if the reversal doesn't happen Tuesday... it's hard to hope until late in the week.... or even next Monday.

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