Looking for the head and shoulders out of the qqqq, Manic google. and some profit taking. then a failed move next week....... OR Not!! going to need a move to 36.5 or 37
Could be a double top. based on today's White hot action. or not, not a double top, not white hot. The transports make it obvious that this rally is for suckers.. if your holding lots of stuff long, time to get out of U.S. sensitive/consumer names.
I'm punching the next person who says Bubble....
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
Thursday, October 18, 2007
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