2 days of the spy. Either this will break down in the morning... or we will break that upper green line, and be in some base building.
point is, we are at an inflection point. Maybe wash out on monday-tuesday. The target here is 119 on the spy.
I still think, and have bet as such, that the market will defy everyone.... but the EWT is saying Break down Too, we are maybe going to go into a wave 3 decline. after our wave 2 today.
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
Thursday, July 10, 2008
Decending Market Triangle
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