For the most part this is an accumulative pattern... but what might be forming here is a distribution.... I've suggested is that at one point we will get a big down day...
Maybe what will happen is we will trap some bulls above the november low, and then have a solid pull back/retrace.
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, March 12, 2009
accumulatin/distribution
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