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 13, 2009

targets



still the 11.30 or so on the xlf

and a new one for the spy which is in the 86.70 range

I'm starting to feel like the air is getting a bit thin up here....

so, it's time for me to start agressivly day trading.... and

I'm starting to feel a little bit of the yips(it's a curse to say that). But... there is also the finishing touches I have to do on my Taxes so....

I'm going to mello out some.

and my desire to give out an hourly Play by play ... is creeping me out.

3 comments:

Tony said...

I've had a busy weekend and Monday at work. I cannot believe the rally is extending, but since I'm net long, I'll take it.

Your targets have been right on. Still quite a bit of negative sentiment on CNBC but I have not been watching all day.

Cuba now opened. I notice casinos are up today, I wonder if it's related. I'm going to look at some individual charts tonight. Sprint is looking extended as you noted.

Eric said...

I'm totaly creeped out though...

I posted that chart that shows the wedge and the correction comming.

the idea of this rally into the goldman earnings... has me...

I feel like they are going to dissapoint....

but ....

Wall of worry huh!!!

Eric said...

Seems like we have an Ascending on WFC, needs to break out but the target is 22.... Game that out 21.50

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