Tuesday, September 13, 2011

Short Squeeze?

The lack of pullbacks looks like a short squeeze, see yesterday's and what looks like one today. This would in part explain the 3C negative divergence as Wall Street (as I showed in an earlier chart) is already at a profit, so supply in the way of shorts covering s exactly what they need to sell their long positions. I may take a little profit off the table here, maybe 25%.

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