the short covering rally put the hair on the back of my up... and as my current tradeing thesis
"this market is like the Weather in England, if you don't like it, wait 10 minutes"
I thought the vix was on the cusp of breaking into 27.... but seems like we will rally or just Grind along for a while
I have some trades running in finacials. for the day.... maybe... I may leave some on.
Also I picked up boston scientific bsx and JNJ... today... I figured I ran the charts... and why not believe what I'm saying... and if this market keeps grinding for a few days
Trading with TK's BBX hit my price target 171-165, traded below it.... I figured what the hell....
I hate the big banks...and still Lower, much lower over 6 months.... but some of this is Just Rediculous....
"there could be a Rumor, that maybe some of the FASB rules could be changed and there could be more Wright downs".... how credible is that.... they could have added "and it was told to me by a guy in a trenchcoat, in a parking Garage... and he got in from his Mother's friend's cousin's step son"
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
Monday, July 7, 2008
Trigger
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