We're likely to see a sharp Santa Claus rally in CYMI followed by a significant upward "January effect". The patterns are in place and the stuck short interest had to reluctantly increase its position in November to keep it from blowing the roof clean off.
11/99 1,325,917
10/99 1,240,002
09/99 1,265,188
08/99 1,643,321
07/99 1,535,148
06/99 1,443,625
05/99 1,430,125
04/99 1,587,089
03/99 1,572,613
02/99 2,059,550
01/99 1,964,402
12/98 2,089,290
The pressure is building tremendously - so I wouldn't be fooled by the recent sideward movement. It is shaping up into the the calm before the upward stampede. The fundamental conditions are fabulous.
Good Luck To Each And All
Curly
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[6.6]
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