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"

Monday, October 19, 2009

see if we can get

back to the 20

6 comments:

Tony said...

Now that's a question I know the answer to!!

We ALWAYS "get back to the 20 again." That's the only thing I'm sure about.

Eric said...

Hearing predictions of $100 oil, it may need to break out again to top.

it comes back to the 20, and that is wave 4. Then it tries to hold.

I'm just wondering if it will run to the close as all the Kitchen table money goes "ok, lets jump back into the mutual funds"

Tony said...

Turtle trading rules... multiple indices are breaking out (again) today on multiday charts. They first triggered a few weeks ago and have been on fire.

What did you say last week about the relationship between price and sentiment?

Eric said...

that was rhetorical I'd assume. Mark hains actually used the word Euphoria this morning.

this market couldn't hold 11K 1100 on 7% unemployment.

3push... bla bla bla...
108 is the good sell point on the spy.

xlf still under the 60min 20ema

Eric said...

this reminds me of 2007 when we topped on Aapl earnings.

Rain dance....

I did say, that realy we wanted to stalk that pull back and see how this run up went....

and technicaly, we want to see the next pull back now, and see how the following upswing goes.

Eric said...

Look who is arguing fundamentals though...

we are all going to die!!!!

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