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 13, 2009

that is the range we are playing with

As I hear everyobdy talk about "range bound" and we should move in the range 800-850....

Well you all know me.... we will go one way or the other... range bound trades do resolve. usually about the time we realize we are Range bound.

3 comments:

Tony said...

Damn Carter Worth agrees with me... that is a problem.

Will we gun for DJIA 8K?

Tony said...

How much did he lose last year? They should disclose it on the screen.

Eric said...

he gets some good trades.. the "staples giving up the ghost" has been good.

but last he spoke, they were short gold miners.

I have a post, it's a consolidation with a downside bias... but that don't mean anything.. Upside target is only 84.5-87(which we have already hit... and yet, who knows... I should look at the time series for the moves, see if we are compressing.

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