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April 7, 2014

Stocks Show Signs of Trouble

A couple weeks ago, when coffee had just plunged over 15% off the peak of its recent short squeeze, this letter warned of the precariousness of chasing the short side. Assets rarely go straight up and then straight down, but rather produce many bull and bear shakes... particularly as part of a topping process... and I warned that a test of the high was a strong possibility prior to the ultimate move into a weekly cycle low. Coffee has now spent the last 2+ weeks making a ...


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