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"

Monday, March 8, 2010

my expectation

I swear we have had a ton of Bull vs Bull debates Today.

I thought we would get a downbar on the daily, just enough to suck people into the Bear, then in ensuing days, make another high, to shake them out.

So, caution if we get a sell off, it's a trading position. IMO

Pullback, then more development of a 2-4 bar consolidating top.

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