Some are conflicting.
We have the "Barry" "Look out below" short term buy signal, which is usually a wed-thursday signal that turns into a short term(one day) bounce.
Beyond that we also have the "Trading curbs" bottom signal.
Here is the conflict, on the first one it's not wed-thursday. And a good bottom is a monday-Tuesday thing.
I'll stick to my Monday-Tuesday bottom call. there is a high probability of a nice sell off this morning, with some bounce, I don't expect us to hit the breakers. If we get a good bounce... We may not get a bottom till, November Options expiration.
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
Friday, October 24, 2008
some signals
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