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, January 7, 2010

targets

I just went through sectors. most of them... Like this chart are within spitting distance of their consolidation targets.

I do have a couple sectors, that have some UNREAL targets, Like 30% moves, and I don't buy it. I also have one hell of a downside target out of bonds, which I also don't buy.

MOST of the sectors seem exhausted. But definatly they could hit some slightly higher targets on friday or monday... which are good pivot points based on time.

Our next, time based pivot points are next Friday and Monday, followed by the next Friday and monday. If you don't realize almost every Friday and Monday are good pivot times.

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