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

"Sell down to your sleeping point"

Thursday, January 15, 2009

Next support

81.80 to 82.

I don't expect that to hold, seem like we are in a wave 3 with the vix at 50... there is much more downside. 300-400 pts today.

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