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"

Friday, December 19, 2008

todays trend

This is today, I guess the trend lines I have drawn arn't all that large.. I don't Know what this trend is saying yet, and all I do all day are draw and adjust trendlines, till I see some patterns. Above, is todays chart Below is a close up of the current downtrend. Another thing I do is instead of reading the 1 minutes, I like to look at the tick charts. I like to look at the trends tick by tick, there was a point where I used to read 5 ticks per bar.

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