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"

Monday, June 15, 2009

Trish says "Everything is fine..."

Because it was low volume.....

Well let us look at the sell offs and volume..... It almost looks to me like a "Down Leg".... Might Start on low volume, and each "Down Bar" increases in Volume...

So She and Bob Pisani have it Backwards.... If there was Volume, that may indicate Panic... and the low volume... may indicate "complacency" toward the sell off.

2 comments:

Tony said...

Bingo. My thoughts exactly (so you can fade it.)

Another thing Seymour said: something about the strong being a trade only...ie, nothing structurally has changed in the weakening dollar scenario. Is that complacency?

Eric said...

I'll fade trish and bob before you...

funny... I'm doing a post about the dollar as I'm typing here...

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