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
Thursday, August 13, 2009
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4 comments:
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.
What's your entry on IYM or SMN... looks good here.
but they are getting it handed to them...
they are a good sentiment read.
You didn't catch them on the santelli fake out?
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