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 11, 2009

Game

that is not a pennant, not ascending...... she is looking for 900spx

3 comments:

Tony said...

I cannot figure any discernible pattern with my shriveled up right brain.

I can sorta see a h/s with the right shoulder forming now... is that where you get the 90 target?

SPY down only 1.8%, but IYR, IYT off over 3% and XLF off 6% !!! Seems weak and may pb a bit here.

My trading acct is market neutral right now.

Eric said...

It's the target of a double top..

assuming it plays out.

Eric said...

I talked that H&S... and you can sort of make a case... but it's more Double top...

I read bary today... That it feels like we could go to the moon... that is just the sentiment phase.

Also...we just have to go through aversion.

I say 70-80% that was a the intermediate top.... I guess we could still Bull flag and get one more high...

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