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, December 30, 2009

Today's trade

we are having a gap down, I'd look for the gap fade.

Yesterday, with the midday rally it looked like everyone was anticipating a late minute rally, then got screwed when it never materialized. I was to lazy to talk about the mid session strength.

Beyond the gap fade.... I just don't know... best guess would be an inside day. We didn't really have an inside day yesterday. So Maybe one today. Like I've said I don't have a Good read on the day.

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