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Bears Remain an Unstoppable Source of Buying Power

Tuesday, April 12, 2016 23:26
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(Before It's News)

by Rick Ackerman
RickAckerman.com

The short-squeeze that goaded shares higher on Tuesday was relatively mild, but that’s no reason for bears to be complacent.

Let a few nervous Nellies break ranks, and in a New York minute we’d have a short-covering panic. To stay a crucial step ahead of such a melt-up, traders can use the Hidden Pivot resistance points I’ve provided in the current E-Mini S&P tout.

If either is decisively breached to the upside, it would be warning of a possible squeeze in the days ahead to last summer’s highs.

Continue Reading at RickAckerman.com…

The post Bears Remain an Unstoppable Source of Buying Power appeared first on Financial Survival Network.



Source: http://financialsurvivalnetwork.com/2016/04/bears-remain-unstoppable-source-buying-power/

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