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 28, 2009

All Eyes

SO..... "The are all Talking about the uptrend"... and they want to find a bounce (a couple days)


what would suprise them is a Break of the uptrend, that goes "Trap" .... Enough to scare them, Then Bounce..... Then Fail.

But enough to scare the "Buy the 50" buyers, and the "uptrend" buyers..... It needs to scare them out, and get everybody bearish... Like another 20spx pts would do it..

Then we could have a Dead Cat bounce.

Maybe it will bounce off the 50... but I'm trying to give some analysis for some "Punishment" for everyone.

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