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"What's Beyond The Sky?"


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Maybe the "With Mainstreet on the Sidelines, Market Rally Stalls" article in the WSJ fired up the bull boys. All they have to do is ramp and convince the "retired marketing executives" and the "family practice dentists" to cough up the dough they claim they've been stashing.



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Folks, don't get spooked by the high put/call ratios. They are bullish only in the very short term (1-3 days). Longer term, they will result in an upturn of the 21-dma of the $CPC, which is bearish. Remember the chart I posted a couple of weeks ago? In fact, the 21-dma of the $CPC made a low on December 2, which low remained in force for more than 10 trading days. According to Larry McMillian, this is a Sell signal; we got it on Friday.




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UNH setting up again..This next move down could be large.


Also many other recent "leaders" on the verge of breakdown. APOL, COCO, EXPE, IGT, AZO. This rally should be short lived, short 'em on the bounces.




K Wave comes up for air. :grin: :grin: :grin:

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