the Generic model is for a bounce then we come back at it and go through.
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, October 30, 2009
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Generic model is for it to bounce how high?
To the green trend line?
So, maybe get some long hedges here...
hard to guess 50 or 100 dow pts...
there isn't a bad reason to "Take a little" -short wise.
off the table. Just in case things go all fucked up. you can still say "you made money" even if the rest of your bet's go flat.
but it looks like the pull back and the dollar and the vix are about to go "Wave 3"
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