800 is high for tick, over 400 is not sustainable. this is net positive, but it did show a near term high. My speculation was that we would trade sideways. as I'm typing this actually just spiked to 700 and we are making an intraday high.
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 27, 2009
trending the tick
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