I just realized I posted a 12200 call... I was thinking there was a possibility of this a few weeks ago, with a rally to 12600 or 12800 for xmas....
But what I meant a few days back was referring to a call for 13000-13200 then a Christmas rally.... Which happened faster than I expected, making me think we were going lower....
So, sorry for that pick, which was 13200 and not 12800... I just got it mixed up in my fingers.
I mean, shit... what other blog throws around picks like I do, with abandon... I know I'm wrong plenty, and I certainly throw out numerous possibilities. so for being correct 1/5 or so(Hey I'm not keeping track) I think that is fairly good. And yes... I typo ed 12800 instead of 13800....
and one of my blurry charts points directly to 1495 or 1496.... when a more rational pick would have been a bounce off 1490.
So... I expect a pull back of 50 then a rally for 75 points on Thursday-Friday... maybe a hundred point rally for Monday..... Keep a good eye out for a blow off top.
Point being, I'm still looking for a wave 4 in this move... none of these pull backs are clean enough....
I sure would like a great rally in the financials... Like a 10% move ;)... I have only caught a 3% move so far.
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
Tuesday, December 25, 2007
heheh
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