wednesday warbler

markets rebounded last night.. seems warren buffet is willing to take on $800 billion of low risk municipal bond insurances.. gee,I'd like to have $800 bill to throw around.. and its a canny play by the master.. love it.. those insurers were doing well until they took on mortgage insurances .. now they are stuck with them and going under because of them..but they still have the profitable municipal insurance lines .. and warren is kindly offering to take those off their hands.. at a good discount I'm sure.. lol.. lets see if he gets away with it.. nice play.. great balls for an 80 year old..

On the technical front, it looks like this overdue rally has further to go.. dow thrust back through resistance, restested it from above and spiked back up ..

and I caught the whole move, still long..

Thats the warble ..

got dentist appointment today, so won't be around much.. and will be writing with a lisp when I am ... which is only slightly different to writing with a list to starboard.. my usual condition at night.. :-)