I'm not sure what to think about the bounce.
there is still that chance of that bouncing ball that is going to run out of steam.
also a 50% retrace.... Also a continuation of the descending triangle....
It was a much stronger bounce that I figured.
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, November 13, 2008
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