how to trade a retest of the lows.... do I again cover my shorts at the retest, then wait for a confirmend rebound.
do I play more defensive and look for a more clear "wash out" in prices.
I read this weekend that what we want is a low based on "the sky is falling and it's never going to end....." that will be a healthy bottom.
ok, time for oatmeal.
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, February 19, 2008
On my mind
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