Here is the SPY... this is still a flag... the upside needs to be broken out of, the lows successfully retested, before we have a reversal.... We have yet to see the volume from today, We would like it to be Higher than yesterday. We will probably see up futures tomorrow, and an immediat sell off which will be the retest..
Tomorrow FITB and WFC report...... It's like pinky and the brain.
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, January 21, 2009
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