.... I think you can assume that the market is NEUTRAL......
I'm doing everything I can to figure out WTF is going on...
The fact I'm confused says it's probably bullish.
If you are net short, and we can't get a good correction going (150-200 pt correction) Followed by a lower high... or a slightly higher high (50 pts).
I'm just saying if your net short.... it may be time to get defensive.
I'm spending my morning trying to make some sense out of the technicals....
I don't know if the move after the fed was the B wave in the ABC correction... or if Maybe this mornings Futures are it.......... To be honest it's a stumper...
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
Wednesday, March 19, 2008
Ugh
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