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"

Wednesday, January 7, 2009

Where were we...


So... Either way would not suprise me. With say a 20-30 Vix, a 300 pts decline is not surprising.

If we end on the lows, we tend to bounce. There is always that chance that the boat will be too crowded to one side.

We have the 50dma at 90.60 and the 20. Other than than... Hard to see support until 85 or even 82.

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