...... I may lose money, but regardless of these painful 80 pt moves in the SPX.... UGH.... I wish I was day trading it.......
My thesis till we get to the 1320 range is that we have to confirm the Bear..... 20% decline which is 1220, 11300.
We need that great break down day.... Then I can get bullish.....
I spent some time looking at bear markets, I don't see any reason that that first 20% decline in the bear market isn't in the first 6 months.
there is a lot of work being done trying to manipulate this market, which is very 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
Tuesday, March 18, 2008
confirm the bear
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