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, July 18, 2010

test

we had that nice test of top setup on friday... which seems to have failed.

Now... this seems very emotional. For a "Real Correction" I would have liked to see it be a down 100 or so day. I'm a little suspect that this may not make a new low. That and sentiment is quickly negative. I'd be curious what is on CNBC.... but it's too hard for me to watch.... Maybe I'll check it out on monday.

Wednesday, July 7, 2010

what have we

Throwing a few flags in here... It could just be Basing.

last we checked. we had a nice bear trap... and still off this flag, there is a solid chance there is yet another bear trap.
Futures are down 5 right now. I've always said futures are sentiment.... so... it is hard to draw any conclusion from them. Up 10 off the close. now down 5.

Sentiment did shift quite aggressively today. It's at least 50/50 bull bear.

Thursday, July 1, 2010

here is the daily

I hate listening to CNBC.... BLECH!!! makes me want to puke.


Lots of anticipation of bad NFP.... and again... it's a bad NFP... economic data is stinko!!

we hit some resistance.... and a nice trap could be here...

it's a tough game in here...

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"