Potential breakaway…

Posted on Aug 16, 2012 by in Letters


For 8 days the market has been eating the shorts' lunch -- in the most demoralizing way possible -- a tiny bite at a time.  Today the market is taking a big bite out of their accounts.  And doing it in an emphatic fashion.  A close on the highs will take out the May 1 high of 1415.32 and will also take the air out of the bears.

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