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It looks like this is the bear market rally everyone has been waiting for. Ideally, this should happen after the retest of Nov low. But it is not market's intention to accomodate most people, rather its intention is to frustrate most people.
Market humble all the bears. I am as bearish as ever on this rally. But this is no time to fight the trend. We need to respect what the market is telling us.
I am going out on a limb to call this rally to S&P 950. Enjoy this sucker rally while you can... |
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