Don't get me going about how much I hate this chart. The podcast didn't help... Just reafirmed what I already knew. Market can do many things.
Also the gap fade from Tuesday morning...
And Joy... looks like we will try and shake them out this morning.
You have to imagine all the shorts in this range from the past 2 days.. who are sure we were going to retest the lows...
and you have to wonder how strong their hands will be. Looks like they will earn their money today.
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, February 19, 2009
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