Last week we talked about the decay pattern, We have had some fairly strong trends through this day..... I'd pose that today we will have a normal lunch correction, end of the day buy up. and continue to increase volatility through the end of the week..... Maybe the correction will be week.
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, July 23, 2008
Decay pattern
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