I haven't had my coffee, and I refuse because my body is rejecting the idea of more stimulus(no pun intended, but it's funny... since I'm pro stimulus.)
but At this point I'm riding the lightning(trades) I have, and am going to start unrolling positions soon.
Like I keep pointing out the magnitude in a relative fashion of the current moves, It was pointed out that we are solidly oversold... and this will slow this move down... and cause a more violent reversal.
but we are at spx 782 and it's a quite a few handels to 740... about 400 pts on the dow.
that should get retail attention.
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, February 18, 2009
Bare with me
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