this is a daily chart of the spy... showing the consolidation pattern...
We have to get to the 134.5 or 134.25 to break out of the consolidation...
With a morning sell off, and a mid day sell off.... hopefully we get an end of the day sell off...
this should do it....
or this is not the light at the end of the tunnel but the Train.... for my shorts.
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, February 21, 2008
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