so, this is classic topping patterns as far as I can see... I'm not saying it.but you can see the the SPX MAY have made a lower high. the danger is that many things I watch have fallen again to a level where they usually see some buying and we then struggle with that green uptrend.
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
Tuesday, December 9, 2008
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