You know... .Market is getting thin... For those who don't know it, T-Lo has me looking at the 950 level, Of course we could run out of Mo-Mo before then.... It will be day to day...
but there is some resistance from here to there.... Could fall a bit short... I think...
I have a ton of targets... But to sit here and give out 920-930-940.... well it's not all that helpful, but we are looking for it...
Like I said yesterday, I was wrong about the false breakout, but did give the "Watch the neckline" hedge, which is roughly the retrace level.
But 950 isn't all that Close. but with a 30+ vix... it's not all that far....
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
Monday, May 4, 2009
Blech......
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