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"

Thursday, March 12, 2009

Just a chart

there is a smi sell signal that was hit at 73 ... I was also ... the november lows are at 740 on the spx that is 74.3 or so.

so... it would be good to get a new smi buy signal or some divergences.

But I mentioned this wedge. All I expect is for this wedge to break out into a broader wedge.

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