He also has a very accurate characterization of the market's behavior the last several months, i.e. the grind to a marginal new high, a small pullback to confound and reset the OB indicators, and then another push up, which will likely continue until the Fed is forced to start deflating the liquidity bubble, and it is anyone's guess when that will be because they issue credit based on the Government's unlimited power to tax.
Kind regards, -CAPT J
"What would you attempt to do if you knew you could not fail?"
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