see how we have been at that horizontal resistance 3 times... we should break it soon
Cause you break it the third time... usually.. or 3 times 50% retrace... then break it.
this isn't as bullish As I'd hope..... There is a lot of hate in this market... and the XLF making a higher low... will get some bears castrated.
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
Thursday, August 14, 2008
resistance
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