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, June 16, 2009

Hate the open

hmmmm

so... the futures started this morning at 3am at like 0 or 1.5 on the spx

then most the morning spent their time at 4 to 4.5...

they are now at 3....

My rule of thumb is to watch the trend of the last hour... so if it holds at 3 to the open...

we may gap fade the 3 pts... it's not far....

I'm not sure that is a good "Bet".... I may give the morning some time...

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