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"

Thursday, August 11, 2011

fade eric bounce

well we got the fade eric bounce today....


I should have thought of that. I still say we get the retest, we can see if there is much more bounce in the market tomorrow.

2 comments:

Tony said...

It's hard to predict the future. These 3% daily swings will flush everyone out eventually. Cramer said today that he was " sure" the market would go lower. Nice sentiment indicator... Futures down 1% as I type.

Tony said...

BTW, I have one of your "DOW 10,000" hats that I'm trying to sell on ebay. What do you think would be a fair starting bid (good condition, only a small sweat stain)?

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