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, June 13, 2011

hmm

Well... I was looking at sentiment... it doesn't seem like we are there.


Classicly a bounce this week as the options expire. All the Put buying over the past month.. should honestly start losing their value.

but I'm a bit rusty... but sentiment isn't quite there.

so... a bounce at the beginning of the week... well we may need to see all the options expire then after that we can get a good Woosh....

so... I'll try and keep track... I'm rusty... and very busy these days... I guess on my DSI scale... a 1 being panic a 10 being euphoria. we are at a 3.

1 comment:

Tony said...

Tuesday was last chance to get out? 1250 next? It still seems like there's not enough fear, maybe we wait until Yamada comes on and calls for SPX 660 again.

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