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"

Thursday, December 3, 2009

So where am I...


I guess I have to give you Assholes a chart.... because I owe you something.... Right..
Futures right now have us up at the White arrow. On this midday attempt at a failure(red arrow), we had a ton of volume which says to me, that at least somebody thinks they know something about the NFP.

Overnight my suggestion of a Bear flag, in the Euro... Well... not so much. And I can now look at it as a consolidation, and a very nice move to the upside for the Euro... somewhere in the 1.54 range. As I suggested yesterday, ok... it may have been through my special Newsletter. It's good to be Cautious here.

But it seemed like Everyone was a bit destabilized as bears yesterday, and seems like Maybe I'm a little destabilized today. So I'll stick with the technicals.... and will suggest that yesterday's pullback could have been a solid Wave 4 move, and we could have a nice wave 5 through some form of NFP action.

It's not impossible for it to be on a different day, but most swing highs or lows tend to be monday friday tuesday.. But Just to be a fucking Punter, this doesn't mean it couldn't happen on a thursday.... sort of a "big NFP anticipation" and it just doesn't meet our expectations.... Or it does... and we still sell off.

sorry.... I just have the Christmas Spirit.

and on that tangent... maybe I'll just avoid all christmas movies this year. Usually I indulge in a little of "The Ref"
Love actually
or Christmas vacation
But... I think I may I'll just avoid anything Christmas related, and get a perverse thrill out of trying to push products on my blog readers.

Cause .... BABY JESUS loves the Capitalism!... Seriously if there was a "God" or "Jesus"... how fucking twisted is it that the birth of the lord and that "god" would allow it to turn into this bullshit!

6 comments:

Tony said...

Now you're selling Christmas movies?

Maybe T.Lo can get you a job in her trading office.

119 baby. Game it and sell at 118.75.

Eric said...

I'll stick with price action thanks.

I fucking hate christmas 21 days and counting.

I thought the irony was funny, of course pimping christmas movies to the 6 people who read this blog...

LOL

Tony said...

If you need more money, just lever it up.

Eric said...

who the fuck, put you in a good mood.

Tony said...

119.

Eric said...

that is it, you are on Hiatus.

New Economic Indicators and Releases

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

cnbc