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RE: Are Stocks About To Pop or Drop? (Chart Pattern) What do you think? By Gregory Mannarino

in #money8 years ago

Anything could happen for sure. I am still kind of thinking this may be a dead cat bounce. It seems on the hourly we are reaching "overbought" territory, The Macd seems to be topping. Maybe just a pull back (consolidation) before a move higher? I am net short this market but I am hedged well enough that a move higher would only give me more to invest on the short side! Trade green!