Wednesday, August 11, 2010
Derisking
Well the hot money hedge funds are getting out. A big drop can come out of nowhere when you have a lot of complacency. But at the same time, this rally wasn't bought by the public, so I don't see us going down much from here. We still need to build a top, and it will take time. I wouldn't be surprised to see us rally back to 1120 next week.
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