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"

Friday, July 24, 2009

big day on Le Tour

Mont Ventoux.


Last big climb

Last night the Euro/dollar went 1.4140... but this morning back to 1.4230

I guess assuming the dollar doesn't go to where it was last year....the market can't keep going up.

Unless it does...

and we can ignore what looks like an ascending out of the dollar euro target 1.47..

that should only throw the market to ..... 1200 or so

and a nice move out of gold above 1000

Well Time for the Omlett and Coffee

Lets "Hope" for the Trade of Last Resort!

Ignore the fact we havn't had even a Wunderbar as a correction for 2 weeks

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