Yesterday I said my rule of thumb was that where ever we break first is usually the head fake. So on the Naz we broke to the downside this morning, and on the spy we broke to the upside at Noon. without breaking down this morning.
Ugh... so... to me it's not decisive.. but there is still a descending triangle.
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, December 11, 2008
so... to update
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