I woke up to 120 barrel oil this morning... and 1.555 Dollar euro... Overnight the Euro went down and oil went up... but.......
I hate this pull back...... I don't know why I didn't play it harder.... I guess I've enjoyed a few weeks of everything being relativly Mello..
If I get burned because I didn't see distribution... it will server me right... You have to trade the technicals as you see them.
it was good to see the xlf come back and retest 27
I still say we go to 105 in oil before 125.
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, May 6, 2008
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