I like to watch how things trade .... Who Knew...
Premarket, I saw short covering on the low futures. But there aren't any sellers. Sometimes shorts will step into premarket and sell.... Think is, they want to short above the close. So.. I start seeing things trade above the close...
What needs to happen is the sellers need to come in at the open. But I'm wondering if there are more people covering than shorting.
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 19, 2008
funny
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