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"

Monday, April 27, 2009

hmmm

starting to look grim....

6 comments:

Tony said...

Okay, dude, if it's 'buy the dip', this is your chance. I'm more skeptical. I think we hit 84.30 by Wed.

Eric said...

it looks week....

Tony said...

There you have it. Joe Terranova says "no way" this market rolls over.

Eric said...

Ya... I'm on MSNBC....

Teranova.....talk about a douche

Right.. the morning buying is just people who had a gameplan this morning and are executing it.

but they may rethink it and be more cautious over the next week.

I also heard someone say "This market could just rally constantly for the next few weeks and never look back"

which is the Chaser's dream...

Eric said...

ya... I'd fade just about everything they are saying...

Eric said...

ya... down 50 and they are complacent about it... it's all Buy the dip.. purple Crayon.... bla bla bla..

it's worked 5 times... has to work this time...

seems like slope of hope...

I like your 84.... that may be the point we catch a bid...

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