[RT] GEN: Mkt's staying power

["Gitanshu Buch" <onwingsofeagles@xxxxxxxxxxxxx>]

Looks dicey from intermediate term point of view.
 
Tons of low volume high % impact rallies today across the 
growth complex.
 
2-3 days more like this and we have the textbook setup for 
Jeff Cooper 1234 sell short coming up.
 
Of course, like happened in April, a 35% "bear market rally" 
only took the Naz to retest the 50 day ma from below.
 
So: Message for intermediate term still says cash is 
king.
 
Of course, improvement in the next few days (I mean stock 
level patterns) would change this.
 
Best case? Trading range as opposed to a new bull market that 
lasts months.
 
Time for some nimble trading, the downtrend having been 
broken.
 
Gitanshu






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