that white line is the old high, I wonder ..... Bull trap? or...
this is the third time we have hit this level... a nice pull back and then some real violation is the rule of threes.
The move against this resistance at 900 isn't "Clear". SO.... I'm hedging here.... I don't know... I for some stupid reason say upside bias... we have been at the 900 level three times, and that is more times than the lower resistance.... I want to see some agressive violation of the 900 level before I can suggest a pull back.
Oh good Carter worth is on.... The guy who said Sell last week says sideways this week.... who said hang on to stocks at the market decline 2 weeks before.... Now says sideways... He is like all the news from last fucking week... Let me just suggest we won't go sideways. since we have been for 4 weeks.... had he said sideways 4 weeks ago, I'd give him props.. He honestly has degraded into telling you what has happened..
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
Monday, January 5, 2009
Struggle
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