Taking 14 points off the table and stepping aside for a minute.. seems to early to try to blow through the highs time wise.
If I had to guess the thing that will get us through the highs will be a surprise GDP number tomorrow, or maybe short covering on the release of a bad GDP number.. kinda the opposite of buy the rumor sell the news. If we correct half of this pop sometime this afternoon I may go long again looking for a close right at the highs as imagined in the below chart...
Monday, April 27, 2009
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