I keep having to adjust this downtrend.... I think we are still in a wave 2 correction of the downtrend... and I expect it will accelerate into the close.
but I'm very defensive.....
but... financials continue to show weekness.... and I expect to see a solid pop after say tomorrow if the downtrend continues.
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, April 8, 2008
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