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"

Wednesday, March 18, 2009

charts



the xlf struggles with the 50dma. and the spx... well I showed how we dipped below the trend... and I also showed what is roughly a trend line and a bear trap...

2 comments:

Tony said...

Good call on the bear trap :)

Eric said...

we have had 2 bear traps in a row....

going to have to think about a trend line below there.

did you see gold collapse.

and the argument on t-lo about "if the gold in gld is really there" damn black helicopters...

be cautious of anything more than a 50% retrace at this point.

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