This is wave 4 of the trend since "The Bottom"(I say this tongue N Cheek) This has a move down then we should get either my bounce toward 100 on the SPY, or toward 94.5
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
Thursday, October 23, 2008
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