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, April 24, 2009

first flag

still I expect... there is Hella resistance at 87.50... but I don't expect 87.50 to hold over the next few days...... this is a tough pattern to trade.

6 comments:

Tony said...

I know this is taboo to market time, but this so tempting. Up against resistance on Fri pm.

The low volume is the only thing that speaks against shorting the hell out of this one.

Eric said...

I want to see it hit that green line..

but the pull back could be short lived..

I predict the T-Lo dome top, bull trap above 27.50.. but like monday and tuesday.

Eric said...

if we can spike up a bit... I think we may get a pull back on monday

Tony said...

I wonder what Hal Turner will tpe up this weekend?

Tony said...

Scalped 2.20 off SKF in the last 40 minutes. Other shorts are intact for the weekend pending Hal Turner's next breaking story.

Have a good one.

Eric said...

With, the stress test and them being talked about that "All the banks should raise capital."...

roughly the turner thing was sort of true.

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