so we had a trend line that was broken... on the spy... but I didn't have a wedge and I think this has another high in it.... Then there will be a solid Wedge. But now that it has retested and bounced watching for it to cross this line is probably the move.....
Of course the market has my hair standing up on edge.
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
Wednesday, August 27, 2008
the spy
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