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 4, 2009

Bad Read!


I still feel like I have a bad read here... maybe its since I've rain Danced bearish for so long, and I've become a chicken shit...... I can read this an ABC correction.... Some form of Wedge...

my bad read makes me think we may go higher... but I'm ready for the breakdown..

the crazy thing is the XLF and IYR which seem to be rising for fun....

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