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, September 4, 2009

I know we don't do sentiment

but all the tards are Positive!!!!


but it's hard to .... I mean.. its the friday before a holiday weekend!!

maybe they will refuse to be long!

seems like maybe a fast Bear flag setup.

6 comments:

Tony said...

lol. China supposedly can't short stocks, so maybe a little FXP into the close?

The squiggles tell me all the sentiment I need. What the hell is a "tard' anyway?

Eric said...

tard... as in RE...

as in Re-Tard

not very P.C.

Tony said...

fast flag? H/s? I've seen this before... and the shorts got hurt.

Maybe it'll be different this time.

Not that I don't like sentiment, I just question the utility of small sample subjective surveys. The Mamis and Invivoanalytic barometers are inexact enough the way it is.

Eric said...

point is... we are too optimistic for a bottom... so still dead cat bounces

Tony said...

... or, it just fills the gap from Monday. Shorts get burned yet again.

Eric said...

certainly the ones who chased it all week, the shorts who chase the move instead of anticipating it, always take pain.

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