So.... Over the past weeks to simplify the technicals.... We talk about Momentum lows... and secondary lows..... As I've been running charts, it seems likely in a panic, that we will still get a Momentum low... which seems like it will want to end next week.... And we will still get a secondary low on the Weekly chart, Sometime in the next quarter. After that we can talk about V bottoms.
None of it matters.... The hedge Funds have to blow up.
I just moved all my cash into my trading accounts.
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, October 8, 2008
3 day charts
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