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"

Thursday, August 13, 2009

they are all playing breakouts

I was just trying to see what was up on twitter....

4 comments:

Tony said...

The twitterati always play breakouts... it's exactly like the "chat rooms" in the 90's with tech stocks, only faster.

I 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.

Tony said...

What's your entry on IYM or SMN... looks good here.

Eric said...

but they are getting it handed to them...

they are a good sentiment read.

Eric said...

You didn't catch them on the santelli fake out?

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