Wednesday, November 18, 2009
Short Squeeze Imminent
The action today tells me we are not done with the rally. I expect a short squeeze tomorrow that should be the final capitulation. The sellers are demoralized, there is no ammo on the sell side and buyers are still not loaded up, as seen by the low volume. Once the buyers bring in the volume, that should be the top. We will likely have a strong 1st half of the day tomorrow.
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