Next week is Options Expiration week.
so we have potential pivots of Monday and Friday, Having a reversal on the day before the Monday, would fit into some game theory, and we could get a nice move from Monday through May 1... May 1 see all the money come in end of the month...
What I want to see is a sense that A: the bears have given up. and B: that the big money managers are making that classic mistake... "chasing the trade, like the market is getting away from them." Where all the guys on TV saying "no Bottom" have to jump in... Like teresa says "Hell hath no furry like a client missing out on a Rally."...
We want to see the Big money managers make this mistake Like Mad!!!!.
That and Bear Capitulation.
but As I listen to CNBC, they were all "there is a sense of Good Mojo and happiness here in the studio"
Ugggg... so, checking the blogs would be a good idea.
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 9, 2009
Some Sentiment talk
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