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 7, 2009

I know I know

all my lines... Market if very confused this morning, EWT says higher, Sentiment on the Wain... dollar retrace, gold made a new high....

gives us.... consolidation....
to quote the Vultures
"I don't know.... what do you want to do?"

Yesterday I said.. Pull back, then stalk the upmove.... Chase the breakdown, or kill the upmove. When in doubt... talk about BS EWT.... so doing some wave counts at this point 1-2- and we are working on 3.....

Let me just say, something... say I was trading the upmove... the danger here is that "it's not going anywhere." and when it does that..... It suggests that The upmove could very well Fail.

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