I saw Quant-edeges call for a 4 day bounce.... not that they arn't less that 50/50.
FITB just reported a $2.00 loss, once you get rid of a goodwill impariment.
I was looking at the myriad of T.A. sites. somebody said we didnt' break the downtrend on the spx... Unfortunatly they seem to be wrong...
Like I say once you break a trend line you have to play with it.
Volume seems to be ok...
You know... somebody is right the equity ratio for the regionals is like 5-10% as opposed to the big banks that are like 3-4%
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
Thursday, January 22, 2009
This morning
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