I'm not very good with being Lucid on "Tops" so..... I don't know if this feels like one or not....
If you are playing high risk... gap fade is a good idea... after some early panic... Shorts won't be able to hold this.... The blood is in their ears....
I keep wondering... we had all those "Spike Lows".... and we started with stealth bottoms..... Maybe the worm has turned and we are having "Spike Highs"/Reversals.
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, April 30, 2009
Right up against the trade channel
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