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.....
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
Tuesday, August 12, 2008
days
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