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, August 7, 2009

Right

Market still holding on.... My call is that something isn't right...


the thesis is that the market was going up on weak dollar, and now it's not. Either the thesis is wrong or the market is .... Extended... Now if we keep the run up...

momentum from friday tends to go on through monday.

I was looking to see if there was limited Breadth.. and this move seems to be in all Sectors.

Now... there is limited sell volume... and it would be nice to see that pick up.

as I'm typeing... we have a pick up in the TLT and the Vix... which helps my thesis that the market is going to normalize and "Find Jesus".

but Can't argue with the Tape.....


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