It's powerlunch... hard for me to watch TV....
You look at that like a cup and handle and the target is 88.50- 89.5... Usually things come short of targets.
As much as.... talking heads want to talk about this or that... this is more, shorts not wanting to play.... Not that a technical bounce isn't valid.... and that is how all rallies/bottoms start...
I expect this to move through to 88 at least.
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
Friday, February 6, 2009
Some thoughts
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