WFC hit the 50% retracement and got a solid volume spike, some of it is probably the end of the day....
the Risk to being short into what is expected to be a very grim number on nfp is too high.
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, September 4, 2008
WFC and teh 50% retracement
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