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.
Thursday, July 30, 2009
so far
it looks like sell volume is stronger than buy. seems like those stops are tight.
it looks like sell volume is stronger than buy. seems like those stops are tight.
Is anybody saying we won't hit 1000 SPX? The most telegraphed 7 points ever... makes me wonder.
ReplyDeleteXLF streaking to 13.09 May high resistance level, again a very telegraphed move.
If it fails, it could be fast and furious to XLF 11's and SPY 93's.
If they break above, it might be impressive for a bit, but the how far will they go?
38% Fib levels on SPY are 100-101 and 50% Fib is 111 from Oct 2007.
well not like we can't get the trade of last resort above there...
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