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

SO....

Besides Tony joking about how we were at Point B today.... I don't give Tony enough props for being funny, and that was the highlight of my day....


CNBC is something.... I'd hate to be a Perma Bear... but I like it better when there is pain in their face.

When we move options related the tendency is to pivot on the Friday or the Monday.

We just about ended on the lows.... After seeing the ORGY of bullish ness on FastMoney... and remembering that "Most tops are before we are ready" It's more positive Mojo for a top... but, My Chart Astrology wants one more correction and one more high, but I've lived many a lifetime waiting for one more high or one more low....

Just saying Probabilities just increased....

and Making that assumption, the good thing is that if we go back down... they will say "Range bound".... and as we know when they say "Range Bound" it Ain't going to happen....

This is just my quick Read.

I am a little spooked cause tony is ready for this one.

The most bullish sentiment case is the Vix on the CNBC ticker..... That is some bullish shit!

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc