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, October 11, 2010

a planet unto himself

Tony said "Maybe you posting is a sentiment sign in itself"


Sure, I could hedge and say "Maybe we are in Denial"...

Or some such GAY ASS LAME MARKET HEDGING WORTHLESS BULLSHT!!! the kind of Bullshit from "Market Pros" talking out both sides of their ass. Talk that makes Washington look Sane, and respectable.

But... I think here comes Aversion.... I have no problem being wrong. But ... I've called my shot.

Of course... now I want to see the technical breakdown....

No chart But ..... Lets see the start of the pattern of Lower highs and Lower lows....

Sentiment... is now 90% there. I'm not paying enough attention to see if it's perfect... or how close it is to Perfect.... Or watching CNBC... But .... Over the weekend and friday... we still had some "Doubt" in this market.... We could still need to see One more up day... To make the last bull hit buy....

Let us see what Happens....

1 comment:

Tony said...

Which is more bearish: Complacency or unbridled optimism? I haven't seen a DSI (tm) recently, but my guess is that it's 4.78

New Economic Indicators and Releases

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