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"

Tuesday, October 6, 2009

The hot trade

I puked my Longs up into the pre market BTW....

But here we are with sort of a 2 push... So consolidation into say a 3rd push or a right shoulder.

and it's after the consolidation one would look for it after another upswing.

Sentiment is solid right now for traders, but we need to find the Greater fool... and I think he is still out there...

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