Right... is that we have been at the 1007 spx level at the open twice... and this is the third time.... there is a clear pattern.... So.... that third time the pattern tends to break.
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
Friday, August 7, 2009
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