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, March 30, 2011

two posts

so.... I'm watching Tuesday's low.

there was a Macke story around about "Fuck the fundies... just buy them because they are going up"....

look it up... I'd link it but WTF do I care :)

oh.... point is I think this sentiment bodes fairly negatively for stocks


Tony said...

Alright bud, I need a DSI reading judge when to buy this dip-- 1320 or 1290?

Hope things are going well with you.

Eric said...

you in buy the dip mode?

I don't mean to mock. Just be weary, is my point.

I'll run something.

Eric said...

Meaning, I'll take some time and work something up.

Good to hear from you!@

Eric said...

1300 is probably the bet.

1288 maybe... I'll look in detail later.

then we will look at sentiment.

Tony said...

You're ALIVE!!!! Holy crap!
Here's my post, and I drew my support line on the SPY, not the SPX... which made me think of you. I'm estimating DSI to be somewhere in the 4-5 range.

Good to hear from you.

Eric said...

see how rusty I am maybe more like a bear trap below 1300

so more 1297 or 1295

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