My model says Friday/monday.
Standard thing would have been a solid down day today. we managed a meager 89 pt sell off. that is 1%
My chart with the 2 down legs... well problem now is that we are moving sideways
Bla bla bla Closing low bla bla bla bla... that is what it sounds like to civilians.
To scare the civilians we have to have a noteworthy downday tomorrow.
get them panicked on monday...
Overall I don't quite know what to say... stick with the normal washout model...
But I did pic up some suff. WFC just to spit in the face of Meridith. chips were trading whole dollars... seems like something to buy. but I'm still cautious, and I had to buy and walk away.
Cramer had a rant about how "schedual merideth" and drive them down. Also listening to her she sure started sounding like "Pay to Play"... but it is interesting that the day before expirations we had her on closing bell.
Let us also add that out came Yamada today.
It did feel spooky today... hmmm
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
So.... Quick thesis
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