Compare the following two charts from the past and the future. It will be interesting to see whether History repeats itself or not.
The chart from December 2007.
The recent price action.
Tomorrow the Nonfarm Numbers will be announced. I have no idea, whether we will sell off, or gap up higher (I would liek to see gap down and then gap close and beyond). Though I am betting we will close lower this time next week.
Bailed out of my GS puts for a loss, switched to longs, closed those for a small profit. Bough AAPL puts for a gamble.
