In the myriad of suggestions..... I've suggested we were in a wave 4 relief rally emotionally... it is time for wave 5.
they started shooting the leaders aggressively, Ag coal transports.
Crazy to try and wash out end of the week.
we may want to hope the Vix stays in the 25-27 range tomorrow.
We are oversold but One can get more oversold.... and I think the market is going to take it's que from the Vix.... It wants to see some real panic.....
and with the ecb tight and employment tomorrow we could get it.
I managed some good trades today.... I'm getting back in sync....
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 2, 2008
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