One More High And Then A Serious SellOff!
(to watch on youtube: http://www.youtube.com/watch?v=r6CkWcNDLi4)
The selling pressure has about dried up I believe, as the about of traders bearish has reached extreme levels. This tells me that a bear squeeze is coming soon, as you know the gangsters won’t let those bears on the train when it leaves the station for good.
But before that happens, I do see a little more selling coming. The rally over the last 3 days was on light volume