Ok... I may have the flu... I'm not sure what is going on but I've takes some positions against the market... trying to catch the top ticks.... which is stupid...
hoping here at 90 we turn around... BTW I took my positions at 70 on the dow... So I'm taking a beating... We will see if I bail on this....
this is stupid... that inflation is rediculous... 8%? YOY??? what was it...
This rally has no real conviction.... overall this has been short covering.... That is my read....
but..... only price pays.
and... my market reads have been suspect for 2 days... which is why I havn't been getting involved.....
but this feels like some solid distribution
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 26, 2008
Well
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