we blew past that Live trendline(the non horizontal resistance), and found some at 87 on the spy. I expected more resistance in the 88.50- 93.50 based on the horizontal.
Umn... then next trendline is at 96We have seen, now some struggling with that trendline in white, and I expect some struggle with the 20-30 dma.... Point is there is a ton of resistance in that 90 range.
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
Monday, November 24, 2008
old chart but
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