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.
Wednesday, June 24, 2009
past
so... every fed meeting the materials stocks have had a sentiment high...
that they get all Giddy about Hyperinflation is all the rage....
also the dollar tends to have a low on this day too...
Looks like we're going to build that right shoulder. Ouch.
ReplyDeleteAre we going to take out Monday's high? Man, I thought maybe we would retrace a little of the loss, but ALL of it??!
ReplyDeleteShould have taken more profits from Monday... I keep re-learning that lesson on big move days. lol.
the market here is going to be particularly Cruel!
ReplyDeleteto everyone....
we get another move down... and they will panic out.....
ReplyDeletethen we will get a sideways move...
which will seem like "Successful retest"
the we will hit aversion stage...
and everyone will want to slit their wrists....
then we move to bull mode...