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, July 21, 2009

Just to sum up the day

I said 2 corrections then top, last week.


Today counted as the second.

Seemed like Short term "buy the dip" on this trend..

Still wondering about the trade of last resort. But I'd say she feels tired. Today sucked some guys in for the violent reversal, and they won't be trying that again....

and... some more good news the worst quant in the world, the one Bearish short term last week, and bullish long term.... Well.... Bullish!! now!!!

So... maybe topped, maybe tomorrow... But I'll be the fool Leaning into it heavily in the morning.

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