"May you be in heaven a half an hour before the devil knows you are dead"
Irish proverb
To all you barbarians and others not so blessed, it is your lucky day, because you are all Irish today! Tomorrow is a different story, so make the most of it. Amidst a holiday known in large part for imbibing and general frivolity, I cant help but think of the greatness of the simplest of folks(of every background) who crossed an ocean in steerage, armed with little more than a dream and made this country great. It gives me resolve in difficult times like out country now faces, to think such stock still runs through our national make up.
As I watched yesterdays positive open fade to red I could not help but feel like Ray Liota in Good Fellas. The scene where he is celebrating in the shower after learning of the success of the airport heist he had so meticulously planned. Alas 5 in a row was far too much to ask of a rally built on little more than a temporary oversold condition and fluff out of some miscreant financial CEO's. Eerily enough in the last 12 months we have had 2 other explosive rallies of 9%, in October and December, and both were stopped cold at the 30DMA, which is right about where yesterday's Bi@#$ slapping occurred. A healthy dose of down side follow through this morning and an intra day reversal to the upside would make me a very happy Leprechaun. Either way lets strive to pull profit from whatever the tape hands us today.
Off to drop a tough briny slab o beef in the pot for hours of simmering, add in some potatoes, and cabbage, and you have the food o the gods!
Irish proverb
To all you barbarians and others not so blessed, it is your lucky day, because you are all Irish today! Tomorrow is a different story, so make the most of it. Amidst a holiday known in large part for imbibing and general frivolity, I cant help but think of the greatness of the simplest of folks(of every background) who crossed an ocean in steerage, armed with little more than a dream and made this country great. It gives me resolve in difficult times like out country now faces, to think such stock still runs through our national make up.
As I watched yesterdays positive open fade to red I could not help but feel like Ray Liota in Good Fellas. The scene where he is celebrating in the shower after learning of the success of the airport heist he had so meticulously planned. Alas 5 in a row was far too much to ask of a rally built on little more than a temporary oversold condition and fluff out of some miscreant financial CEO's. Eerily enough in the last 12 months we have had 2 other explosive rallies of 9%, in October and December, and both were stopped cold at the 30DMA, which is right about where yesterday's Bi@#$ slapping occurred. A healthy dose of down side follow through this morning and an intra day reversal to the upside would make me a very happy Leprechaun. Either way lets strive to pull profit from whatever the tape hands us today.
Off to drop a tough briny slab o beef in the pot for hours of simmering, add in some potatoes, and cabbage, and you have the food o the gods!
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