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 20, 2009

ok

back to the trendline... see if the market can make a bump and go.


I want to say... My mojo says this is over! the worm has Turned... but like every Ex- and girlfriend I've every had, will attest to ' My mojo can certainly be off'.

The official Technical Call is "Wait for the pull back", then we want to see the first upswing. Then Trade off of it.

4 comments:

Tony said...

Are you using Art Cashin's moccasins today? Make sure you get some Tinactin.

Eric said...

you just love that joke....

what is interesting is they have yet to say the magic words.

"profit taking"

they just know it is going to rebound at any moment...

Tony said...

It's a funny joke, and has been for at least 50 SPX points. Joke's on me too, tho, since I've been hedged the whole time and not enjoying the "euphoria."

Eric said...

next hope is the 20 on the daily...

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"