If we can break down here... The chart astrology says the "Big Move" should be coming, and moving down to 123 rather soon, would be expected 124.76 is another proper resistance... but also note we did break yet another trend line.
And the market is looking for any reason to sell off.... But... we are having a hard time getting any conviction.
In my experience, I've seen plenty of Crazy moves in low volume weeks.... which were dismissed but none the less valid.
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 26, 2008
Getting ahead of myself
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