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, May 12, 2009

tony's cup and handle

so.... What I would say... is that the taget takes us back to 93...

In the other half glass.... it's a 50% retrace....

As sentiment... I'd say.. that nobody is "Rampantly bearish".. those that are are "Cautious"

2 comments:

Tony said...

This beast won't die. How many bears are left to puke to get us up to 93?

Eric said...

ya, we have had this setup too many times on the bounce back..

Bears are too cautious, and the bulls are just repeating the old game.

Time for it to fail.

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