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"

Sunday, February 7, 2010

DSI

Tony likes me to give a number to my sentiment indicator.


I remarked that we were at a 4 in the afternoon, then I thought a 7 by the close

Bearish to bullish... IN SENTIMENT... Not ... My Market Read. Sentiment being a Contrary indicator... though my own market direction can be sketchy.

I've been doing some review of the usual suspects, and we aren't as bullish as I thought we were.

I think I have to go with a 6. I have honestly not heard as many bottom calls as I have since friday at 2am...

Feels like, though there may be a bounce... there are quite a few people lined up to do the Bullish Rain Dance, this time.

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job said...
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