This has been a nice bound... and to look at the charts.... we may get another leg down in wfc... and since it reports tomorrow....
But... as leadership it looks to be bottoming.
Now..
But... the KRE... Lets just talk about the low volume .. and that this is a mid day move..... that is not a good sign that "This is the Turn"...
but... I do think it's comming... With what seems to be a sentiment shift.... which also could just be that I'm watching cspan and not cnbc.......
I think it's time to start looking for the turn...
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
SO...
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