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

"Sell down to your sleeping point"

Tuesday, August 12, 2008

days

so... Fib. says that is roughly 50%... does this sound like this morning when I was talking about 38.2..... and tomorrow when I talk about 61.8.....

I love days like today... ya... financials needed a pull back.... I just don't get "JPM is in no way worth the 70 dollars per share it traded 2 years ago"..... and "Goldman.. is in no way worth $250...."
but both were trading at nearly a new low in weekly time frames.... and why today with the best of the best.....

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