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

"Sell down to your sleeping point"

Thursday, September 4, 2008

WFC and teh 50% retracement

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.

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