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, April 16, 2009

nice volume there



No good reason to stay long...

3 comments:

Tony said...

You are THE diabolical trader (not a bad name for a blog), and you are quoted at length by T.Lo.

Quite an honor and the comment deserved it for sure. "When bears become bulls..."

Another anecdote: Upsidetrader, the notorious bear, traded all long the past two days, I believe. He says he is getting ready to short real estate when commercial RE goes Kaput "next week."

Now we'll have to see when Tim Knight and the Slopers go bullish.

Interesting times.

Eric said...

Tks, I couldn't believe those regionals... hard not to chase those moves.

Right... but we are going to start looking for the top...

Hopefully you remember my simple sell set up... with the 2 lines. I'll start posting it, but I'm not going to comment on it.

Eric said...

It feels awfully hard to short doesn't it?

that has a big fat smile on my face...

we are getting close...

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