not sure if I'm ready to stick my hands in that muck..... and we could have a nice down open.
127.03 is a 50% retracement..... As much as I'm .... . Scared.... Hell with it 127.20 with a stop below the 127.03
HEY!!!!! SOMEONE JUST THREW OUT MY THESIS.....
LONG!!!!!! AND Shallow!!!!(if you can call a 25% correction shallow)
as much As I am a fan of some people, Problem is there were so many missteps in the 1970's Era.... IT's hard to repeat it..... We have seen that trade..... it probably won't repeat... Entirely....
and was the 2000 recession the early seventy's part? and it's the early 80's?
or Else.....
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, August 7, 2008
Charts look grim
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