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"

Tuesday, October 14, 2008

Historicly

v reversals are the most likely thing. So much damage has been done. We have moved so far in futures... we need genuine buyers.

They say bottoms are made with 90% down days and 90% updays we got that yesterday.

Most of the move yesterday was.... things that I felt had a ton of short interest.. and much of that short interest buying seems to have run out.

This is probably our spike bottom in this pull back. or close.

The 87 play book says we go back and retest the lows..

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