It's been a week since that epic low....
My thesis is this... If you picked up a financial at 21 in the xlf. you will be rewareded.
But those chasing it now will be barbell-ing between 22-24 Till they recover....
Or not
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
XLF risk = reward
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