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, December 1, 2009

There it is.


Futures up 7 or some such bullshit.

this will shake them up.

I'll say it again, the market wants to catch everybody 20 pts on the wrong side of the market.

Worst thing that could have happened to the bears was Dubai... which got everyone bearish.

This should do what it does... which is make all the bears puke and get the bulls engaged. The problem here is that we need to see something on the technical side. It's an upswing on the 65 minute. We'd like to see a bear flag or something to play..... I guess you can play something based on sentiment after the blow out open....

but that is super high risk.. and better for scalp trades and you are really just fucking around.

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