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"

Friday, December 11, 2009

The week

That didn't happen..... Same place today as it was last friday....

4 comments:

Tony said...

gap down... gap up...

Is this a test of top, or bull flag?

Industrials (XLI) up in light of Dollar strength seems odd and might be bullish.

Strongest days on stocks were on lower volume. I wonder what the weekly vwap is; I don't think I have that function on my software.

Eric said...

vwap is 110.40 or 110.60 depending on what days you count.That old test of top was 111.60

Tony said...

So we are trading above the weekly vwap. We could definitely make another run to the high of the range here... 112.28.

Where's he meme that exports will get hammered with a stronger dollar? UTX and MMM had great weeks.

I have to say, I'm completely confused.

Eric said...

I'm confused too...

doesnt' that sound bearish.

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