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Unwavering Bull Thread : How high can equities rise?

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Art Cashin - Shorts Being Squeezed & Market May Go Parabolic

 

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Today 50-year veteran Art Cashin warned King World News that the shorts are now being squeezed in the stock market. Cashin, who is Director of Floor Operations at UBS ($650 billion under management),...

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The BEST may be yet to come - Tony C

 

Today the market gapped up for the first time in exactly two weeks. Hard to believe it has been making higher and higher highs without opening gaps. After a bit of bouncing around the market tested the high at SPX 1661, pulled back, and then broke through to new highs. This is becoming a “Fly me to the Moon” type of bull market. Over the past four months, every overhead pivot and resistance area has become just another target for this uptrend.

 

With this bull market being Cycle wave [1], just imagine Cycle wave [3]. It appears we are getting a preview of that in this third, of a third, of a third wave uptrend. Overall the SPX has now gained 1,000 points in 50 months. A flat rate of 3% per month for fifty months.

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/more: http://caldaro.wordp...day-update-346/

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No chart reason I can see here... to prevent Stocks from running higher ... update

 

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