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, January 5, 2010

xlf

I was talking this week about the xlf. This isn't impressive, weak buying. Now we have some covering, and enough energy for some people to put the wood to some shorts. I do have a target there. which is a "Test of top".. but this suggests that it still has some more Green Bars in it.

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