Carter Worth was on fastmoney, Talking about going sideways for 2-3 months. Interesting to consider a 2 month Pennant. Might indicate we have lower to go here before a reversal.
Dollar Euro Peaked yesterday at 1.485, and has pulled back to 1.469.
Uncle Ben talks today..... Uncle Ben is the universal Sell indicator... But we have also set 2 or 3 "bottoms" while he testifies.
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, September 23, 2008
Overnight.... and some stuff
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