Sat Aug 11

More SPX short covering rally possible next week. As mentioned, once the burnt shorters have all covered (ie bears losing money while propelling the market higher) the next Wile E. Coyote collapse will occur as buyers suddenly evaporate. This has happened before, it’s how previous SPX crashes have formed. Central bank intervention news / rumours can of course distort or reverse this scenario.

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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