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"

Wednesday, October 14, 2009


good stuff. I saw quantifiable edges.... or wrongafyable edges this morning talk about a reversal day. Fun stuff.

seems like we are still looking for a reversal pattern. and wave 3 of this upswing continues.

Like I said yesterday, maybe friday or monday would be the day to look for a reversal...

but we can keep looking for a pattern.

the funny thing in this market seems to be that everybody keeps being wrong. and we need them all to bang the table in the next few days.

for those who don't track him Doug Kass was Bullish just for long enough for it to reverse on him monday, then he is all bearish again....

this might just require the Terranova Superspike... or for them to talk about it again.

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