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"

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.

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