It's developing quite nicely: weak shares are getting out, leaving the majority of future profits in the hands of Longs, who will not be near as quick to sell for petty gains.
Volume has tapered off quite nicely, comparing to the last two weeks. I believe today was actually the lowest volume day in two weeks, and considering the gains that have been made, it's obvious everyone is holding out for MUCH higher levels.
Ohhhh....I can see 42M shorts a squirmin'! LOL
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