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"

Monday, October 6, 2008

Jee

this is 5 days of the spy.

Futures don't seem to want to sell off below 200... seems strange for Armageddon. Down 200 seems like a deal with the world ending and all.... Could we be setting up for a nice little spike low today?..... Or today and tomorrow?

Also let me remind y'all of the pattern "We get the rescue, then we get the low." They liquidated Bear, then we got the low, They promised to rescue Fanny Freddy, then the low.

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