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"

Thursday, June 25, 2009

all Michael... all the time

this will go on for a few days....

and Farah today..... just so you remember...

I suspect some ..... tomfoolery...

7 comments:

Tony said...

Tomfoolery? You think Michael gave Farrah the HPV that caused her anal cancer?

Tony said...

Speaking of paranoia, now the WSJ thinks the Treasury market is fixed.

http://tinyurl.com/mw5hwq

Eric said...

I think Michael whacked himself, and it is like Elvis and somebody cleaned it all up...

or not WTF do I care...

Farrah died of anal Cancer...

I'm such an asshole, that I wasn't paying attention. I just figured Farrah was being dramatic... she is an actress... but now I feel bad.

I always hated Michael.... I was indifferent when he was black...

Fixed treasury market... isn't that what they say when it is a bottom....

Tony said...

Sentiment read: Not sure how you would interpret this. A story from yahoo finance where Aaron Task interviews a TA guy who is loking for 950-- like all TA guys, he doesn't say we'll get there, only that he is "looking at it."

http://tinyurl.com/l94qvb

The comments are replete with 80% of responders saying the mkt's going down, 19% mkt is staying even and 1% about Whacko Jacko. No bulls.

Eric said...

I'm working on it objectively...


I'm going to do a post....

The only "Curiosity" will be if we get into the "Churn" where we go up for 3 days and down for 3 days...

that is the horror show....

don't doubt... this isn't going to be easy until E is over

Tony said...

It occurs to me that the 3-push formation is really just another way of saying a 1-2-3-4-5 Elliot wave... which is exactly what we had yesterday and the HOD was the end of wave 5, followed by a-b-c correction.

Looking at slightly larger cycle, starting Tues AM open, we are near the end of a wave 4 and looking to start a wave 5 as the 3rd push... maybe to 92.5?

Eric said...

you are starting to get that stuff...

of course unless it is a Bear flag..

which makes it an ABC correction

which plays out short at 90.75 or so...

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