So... as much as that chart showed bear trap at the 820 level.... I'm starting to think spike and ledge... these jagged patterns are notoriously bearish IMO... I'm to lazy to show the chart.. .but the pattern was a brilliant image of a Bear trap...
I'm just.... the retest.. the lack of Mojo and despair in the market... also the Nigerian "Barbell"... it's just too many times for this barbell to work again.
Let me also warn... I'm sufferning the same malaise as the market... so... Just.... take it with a grain of salt.
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
Wednesday, February 11, 2009
Where was I...
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