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"

Friday, February 6, 2009

Some thoughts

It's powerlunch... hard for me to watch TV....

You look at that like a cup and handle and the target is 88.50- 89.5... Usually things come short of targets.

As much as.... talking heads want to talk about this or that... this is more, shorts not wanting to play.... Not that a technical bounce isn't valid.... and that is how all rallies/bottoms start...

I expect this to move through to 88 at least.

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