I'm sitting here trying to regain my "Center" or Mojo......
Fuck... need to finish the last things on my taxes....(see how my mojo is off)
Ok... Can't believe I put that off.
But...For the most part you got some good calls. We had a nice pull back to 11pm and a nice uptrend.... This seems like the beginning of a Dome top... I'm not guaranteeing it.... I'm seeing many Ascendings that can take us higher... Certainly we want to be mindful of a break down....
Like I say Technically we are overbought, and the air is getting Thin... but sentiment still feels Ok.. and it seems like the money managers are chasing this.
We had a nice sell off, it' makes me "Feel Like" we are still Nervous about Goldman Earnings. Which is good... I'm nervous about them..
We have what seems like some of the money managers putting some money to work and are starting to Chase this move, and for the most part the Bears have no Clear Targets to get things going, So uniformed action seems like it's unlikely...
so....
The Casino's are up on Cuba.... ??? have we watched too much of the Godfather.... I thought the communists shut down the casinos? are there Casino's there now... or is this just some lame Meme, that the Crazies are going to get Creamed in?
Here is the daily... I guess we had some sell off today, so Maybe weak volume is good... But... As I said this morning as we look at this Red Wedge, it seems like this wedge is acting as Resistance. We have moved above the White Downtrend line. As I suggested we want to be cautious of a Bull Trap Above it.
If we can get an up day tomorrow.... What I expect to see is reduced UpStregnth and increased Weakness..... Maybe an upday tomorrow, followed by a 1 day sell off of 50Pts, Then one final Upday...... Then Weakness can overtake the Stregnth in the market....
That wedge... looks to me like it will interfear with our 88 Target. unless we get to it sometime next week.
But there is no reason we can't break out of the wedge and then Follow it back up. to an 88 target at one point.
Or the wedge is invalid, and we leg up.
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
Monday, April 13, 2009
Is it only monday!!!!
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