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"

Friday, May 15, 2009

Well

Support isn't' quite like it is on the way back down. a double retest, and a lack of significant bounce...

In the Narrative in my head it's bearish.... I'd also suggest we gap down on Monday.

My last target was 87..

and I have a new one of 86.... ish..

if we break I'll take a new look at it....

there is all that support on that big dip we took a month ago... the 250 pt reversal.. that then gaped down.. that is a good target too.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc