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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: robnhood who wrote (32084)10/28/2000 6:30:11 PM
From: AllansAlias  Read Replies (1) of 436258
 
The long-term JPM chart is soo weird. Its in my review list for every weekend, but I normally do not follow it otherwise unless it is an impact stock for a day.

There were buying the financials on Friday for sure.
Anyway, yup, a very powerful move over the last few days for JPM. Decent H&S at the top that caved Oct 6 and then the big bounce came exactly off the 1998 trendline -- a good place to take profits. -g

One thing's for sure, something that falls apart and then bounces like that is telling us something very loudly.

Heye, you can get that back by shorting CMB at $45-$47 next week. -ng The bottom of the long 1999/2000 range is waiting there.
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