If we are hitting a" near term low" this isn't that strong.... We are in a wave 5 of wave 3 of this upmove.... Point is we should correct soon... and maybe have some slightly higher highs.
That this isn't aggressive is very Bullish.....
I'll sugjest that we are building a Base... but be careful about chasing this base.... there could be better opportunities
I picked up BAX yesterday.... I'm not psyched about BSX.... Seems like a good safety play... but... it may be trying to correct again.
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 9, 2008
No wonder I'm exhausted
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