My theory was I'd be up 3 or 4 bucks, then end of the day and with earnings in aaple I'd lose 2 of the 4 or 3, then the profit taking would take hold..... it was dumb risk management btw... more greed for the extra bucks.
Un-known by the bulls is that the flight to quality will still be there.....
I expected the bounce in the evening.
Reminder.... never buy the open.............Never buy the open....
if I hadn't, I bet I'd be long.... I have to remember keep my dick under me. Neutral trading....give it to the 5dma
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
Monday, October 22, 2007
more of the carnage
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