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 20, 2009

Morning

Well at this moment futures on the spx are down 10, Kind of wishing I had gone short at the bell. But there is no use in hindsite trading, and who knows what will happen in the next few hours.

I guess, I should say I was wrong last week we would take another leg down, and possibly break the wedge. As I should say if we break out to the upside, there is a chance I'll be wrong on that too. Some of that is just good game playing of the wedge. Betting on Probable events, and reducing my risk of Less probable events.

Dollar Euro 1.297 this morning.... Still waiting on that Hyper-Inflation everyone keeps talking about.

This morning there was all the talk of a pull back, Certainly my mojo could be off, but still....

These are not signs of a/the top

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