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The Cradle Will Fall

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Well, yeah, this is more like it. Too bad this kind of market couldn’t persist for, oh, one hundred days in a row. It’s such a nice change.

Liquidity moves markets!

Follow the money. Find the profits! 

Of course, the darlings in D.C. are viewing this with a sweating brow, and their frantic buy-backs have probably already begun. We can see the diamonds rather near an important support level. Break this (on, say, Friday) and we get more fun.

However, the nauseating optimism that had begun to peal forth has been beaten back down, and patterns I had felt were lost to the winds of time have been unexpectedly resurrected.

Miners have, as TNRevolution told us all, completely pooped the bed. This bearish pattern is quite complete now.

For me, the icing on the cake is XME, which has broken an important uptrend quite cleanly.

This week has been fantastic so far. The one dog turd in the punch bowl was my TUP short, but the profits from my 64 other positions has made it unimportant.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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