Besides the Fibonacci support levels, we have some important horizontal support.... If they don't hold we will be in trouble....... Sorry, my sarcasm gets out of control sometimes.... because you don't know how I feel about horizontal support levels.
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
Horizontal support
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