This rally is the biggest ramp job I have ever seen. The low volume has allowed the instos to push the market around like a rag doll. The market has gone up with the main engine out (resources) and with oil at 10 year lows. All the other problems are still there too (debt, china slowdown, rising interest rates, etc). The instos must be overexposed after this ramp job. They will probably get caught up in a race to offload. If the next downward leg breaks 4800 who knows where it will end.
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