well that is the 50dma
Of course on the spx it's like 3 pts lower...
What we would like to see is in anticipation of monday's earnings to see some buying... or some bearish complacancy... that they "pay"for..
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
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