So.... if we assume my 1:20 bottom call holds..... IF IF IF IF IF IF IF...
and I measure time vs the swings.. We had a 2 day move up (Tuesday morning, from friday morning), Then a day and a half sell off. We could get a day and a half up move which puts us......
FRIDAY MORNING OPTIONS EXPIRATION!!!!! as the next swing.
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
Wednesday, October 15, 2008
these moves are obsene
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