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October 10, 2013

Relief Rally?

Shorting stocks is a difficult game. Even the most insidious of declines... perhaps especially the most insidious of declines... tend to be peppered with massive relief rallies which, despite their frequency, always seem to make bears indignant that prices didn't just go straight down. Given the current daily cycle configuration for equities, however, we cannot interpret today's surge as anything other than ...


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