thsi is the spy, we are breaking out of the pennant... still time to be cautious.... but the red shows the ascending triangle and the pennant, now the pennant has the same bias as the daily trend. which is down.
But the ascening triangle... well that should get us moving to the upside, makes another ascening triangle up at the 88 level.... etc etc...
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
Friday, December 26, 2008
stuff
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