I was looking at targets...
We need a New closing low. I have talked for weeks about 730.. this target is 72.5-74.
My model says today is a good probability for the low.. but.... Gold needs to give it up, and like I said.. I think we need new closing lows..
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
Tuesday, February 17, 2009
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