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"

Tuesday, April 14, 2009

Well

I'm still kind of pissed off about having my T.A. Kifed by hacks.... Trust me, I know some of you are too stupid at pattern Recognition.... But it's ok Because you still don't know how to play them.

But it was interesting, that Hains was kind of grim this morning... Makes me think there is still a potential of some highs. But a Pull back fits my model Tooo Well.

And I'm hoping for a bit of a pull back.... IT's been hell since Jan, and Epic since March.

What I do want, is some sunlight, so I can bask in the Warmth.

2 comments:

Tony said...

Who stole your charts? I'll troll his website under various assumed names.

Eric said...

Well, I realized that what the person does, is trolls everyone's site, then posts his so late, basically giving a Cliffs Notes version of everyone else sites.

My best guess is we are going to finally get a down week, but realize that is only 3 more trading days.
Make the low maybe Thursday at the close, friday... or monday morning.

But I bet we are slightly down again tomorrow, then we will get a big leg down...

If we talk EWT, the new model for a correction "May" be sort of a WAve 1-2, then a big leg 3, and that sets the bottom..
Which is an ABC correction... but with a short A leg.

Roughly I have What Teresa has. But I'm willing to say the Wedge will break. When it does we will check volume.

I do think it's a Short term top.. and not an interim top.

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