I know I'm cursing myself here....
I'm starting to think that I'll be right.... I'm not an old market salt..... The only thing i've done is looked at the charts, and imagined how bear markets ended, and how it was traded.... But Accelerating (meaning Faster) Swings.... are one hell of a Sign of "the end"....
MY ADVICE..... JUST KEEP THIS POSIBILITY IN MIND. maybe we break down to lower levels in the Nazdaq....... Maybe we bounce for a few weeks, then we bounce hard to the upside, as all the short interest gets run out of this market. Then Maybe in october we get our bearish run in retail and tech....
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
Ta DA!!!
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