I believe this will end badly for many involved: another higher high to stop out some shorts and turn more bulls into pigs, but then a slaughter in the form of a sharp selloff this week. Unless breadth picks up, this move is just suckering a lot of bulls, but at the same time worrying a lot of bears.
We have some more POMO today which is helping to extend the rally: Paying Attention NOW?. Yes Mole, I should have been paying attention :)
My advice (which is actually not advice): Hold on to your shorts (figuratively and literally).
