this is a Base building move/consolidation....
but be warned I always say that before we leg down.
but in the past 20 min we have managed a rebound in financials.... so....
financials can now go sideways, find both buyers and sellers, and arn't at support, which was why I felt we would get a bounce..
The key here may be to play the volitility, Play both sides and just trade it out..... listen for some euphoria on cnbc.
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, November 26, 2008
this is the past 2 days and this morning
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