We are range bound, I think we need a move below 13050 to 13000, to then create a move to 13250, then to take us to 12800.. or lower.
This looks weaker than I expected.
but some good news would help, to take us lower. I may take a short position at 12200 if we can get back there.
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, November 19, 2007
Morning
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