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 23, 2009

Ticks

Tony asked about this yesterday....

so... with our little wedge, in the earlier chart, we now have a new low made on lower ticks... Meaning a secondary low..... or a divergent low..... Also our SMA is looking to turn up..

if this was less of a wedge pattern... it would be clearer... because that is kind of slim Pickings.... Meaning... we may get a few more slightly lower lows here.... But she looks to bounce.. but it's not exactly... a high bounce....

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