With yesterday's pullback, the logical thing would have been to have a 3rd wave downside today.
The possibility of some sideways action.... is always there... the market smells like it wants to run... I'll be curious how the gap fade goes......
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, June 3, 2008
pull-backs sideways
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