some of the trend lines you can't see..... But we had a wedge... of course I figured we would hit the other top and find selling....
We broke out of the wedge.... When you break a wedge you look at the volume... I saw declining volume which told me we had another leg up... which happened, then I want an exit when we break that uprend in red which you can barely see.
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
ooop
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