Looks like we want to correct. The model would say... it's a Short term correction.... Possible Wave 4 of this move. But it's hard to predict, and we need to see a few 65 minute up bars. following some kind of correction.
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, November 10, 2009
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