I've been struggling with the idea that energy could catch a short term bid... or be range bound for a few weeks..... This chart looks like it could be developing still...
I've moved my stop on my dug position... Seems weird that with falling oil energy could catch a bid... but This just hasn't gone through it's "Valuations are good" stage.... though it looks like it could be developing.
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
Friday, August 8, 2008
energy
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