Tuesday, July 21, 2009

Although I am not bullish - around 120 stocks hit 52 week highs yesterday

that is a little different than just oversold stocks bouncing... could bring new money in. imagine shorts will go after the open today - do the longs squeeze them out up to 1000 (S&P) or will the shorts win today.

think today is a level the shorts MAY be able to but a temporary dent in the momo, but longs have been strong and short has been wrong...

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