“Despite a blip here, a blip there, the market is still headed for new all-time highs. The biggest question isn’t if it happens, it what happens when it occurs. Do the longs take profits? Do the shorts who have been buried for a while finally give it all up and squeeze it? Is there initiative buying which starts a fresh leg of new buying? I’m pretty confident on the hitting new highs, I’m not confident it goes anywhere. Nope, not a Bear, but certainly not a Pollyanna either,” writes Mike “Tiny” Saul of www.attackthemarkets.com.
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