When the market has run back to 13000 and is threatening 1450, it's hard to argue against a reversal.
I'm toying with a new Tactic of waiting and selling anything close to the down trend line. Then selling when we make a new low. Then try and catch the reversals in between.
a 2 day 400 point run, is just crazy.
This market is more likly to pummle most of us to death.. but that is just plain bearish....
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, January 10, 2008
It's hard to argue against a reversal.
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