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, August 13, 2009
they are all playing breakouts
I was just trying to see what was up on twitter....
The twitterati always play breakouts... it's exactly like the "chat rooms" in the 90's with tech stocks, only faster.
ReplyDeleteI would argue that these players do not move "the market", they only move the smaller names.
Look at the technicals for the indices. Lower low, now lower highs? Looking for a trend down day tomorrow.
What's your entry on IYM or SMN... looks good here.
ReplyDeletebut they are getting it handed to them...
ReplyDeletethey are a good sentiment read.
You didn't catch them on the santelli fake out?
ReplyDelete