The Gaps’ Last Stand
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The bears are just about done. It’s quite clear that the selling we saw earlier this month (which lasted all of two trading days – – August 1st and 2nd) is a freak occurrence, and 95% of the time, the market will simply get more overvalued. The LAST opportunity – – and I do mean the last – – for the bears to have any hope is if these gaps hold. If they don’t………..I guess it’s off to Dow 100,000.
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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