Another healthy pullback today will have the charts primed for a strong third wave. IMO we needed a slight cool of to allow for a more sustainable ascent to the $20s. With nearly 100% runup in just a few weeks, you start to get a lot more shareholders looking to book gains. I would rather have a few high volume shakeouts to get those shares into the hands of people looking for forward to the $20s and $30s.
FWIW CCME may try to time some news with the conference this week, which would set things up even more perfectly.
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