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
Tuesday, May 12, 2009
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3 comments:
Beautiful J-Lo rounded bottom or cup and handle. I've been cash ever since the SPY hit 90.40 on the down slope at noon.
Now at pivot 91.45.
The finish is anyone's guess, but I bet there is no big move here. If it does go up, I may open a small short position for a probable gap down tomorrow am.
too many people, not enough chairs.
I'm not sure about your cup and handle... I'm not even sure about my Bear flag....
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