I was doing my quick studies of bear years, or of years with big down moves...
and for the most part there is an up bias... not only for a few days but even for longer periods...
I'm not sure I'd count on it...
but there is my head and shoulders...
If it holds
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, January 2, 2009
New year in a down market
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