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, May 4, 2009

Blech......

You know... .Market is getting thin... For those who don't know it, T-Lo has me looking at the 950 level, Of course we could run out of Mo-Mo before then.... It will be day to day...

but there is some resistance from here to there.... Could fall a bit short... I think...

I have a ton of targets... But to sit here and give out 920-930-940.... well it's not all that helpful, but we are looking for it...

Like I said yesterday, I was wrong about the false breakout, but did give the "Watch the neckline" hedge, which is roughly the retrace level.

But 950 isn't all that Close. but with a 30+ vix... it's not all that far....

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