Somebody pointed to this as a wedge, of course that person barely understands, any of the chart formations. So.... Saying that is slim pickens... and then you have to point to some targets...
And the way it's drawn... it was a much tighter one on Thursday at noon.... but if you draw like that.... does it make any sense?
Again, I'm not drawing any conclusions... and it is a holiday week, but this is very disorderly..
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, June 29, 2009
Today's chart
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