So..... there are some bottom calls out there.....
one can look at the chart and talk about a momentum low and a secondary low..... and a follow up higher high..... could get a nice higher low tomorrow.....
seemed like the group think down at the nyse was not of a bottom nature.... which is good as a contrary indicator.
http://www.cnbc.com/id/15840232?video=879952329
cause 800 pts can't be capitulation...... it just can't be
;)
I'd still be cautious......
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
Monday, October 6, 2008
enough already
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