We broke my index stop.... but when we hit the 61.8 retrace we caught a bid volume spike... So like And idiot I'm going to start it again....
With weak oil strong dollar... and I guess everyone thinking ARS and a CDO is the same thing.... and 1 trillion in new write downs... I guess....
I don't get today... Except maybe.. Nobody cares... We want it to go Up or Down..... One of the TWO. If it won't go one way......
I am having some trouble reading technicals enough to effectively trade it...
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 7, 2008
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