The psychology of this market is such that once a bear market bounce reaches about 20%, money on the sideline gets itchy and just jumps in because they do not want to miss any more of the "big rally". At this point the professionals are more than happy to sell their holdings to these folks...and the market tops because the buying power of the market just goes away.
Now I'm not saying the uptrend off of the lows is broken. I'm saying there's a distinct possibility of the beginnings of a trend break and an extension of the cracks in the rally that began to show up last week.
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