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

"Sell down to your sleeping point"

Friday, October 16, 2009

Expiration day

Happy expiration day!!!

Normal behavior is for the market to open near the highs, sell off to the low part of a recent range, then come back to the middle of that range.

It's called Pinning.

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