Market Outlook for the coming week

Markets have made a very impressive run last 5 weeks. But if you see the weekly charts you will notice that in the last 2 consecutive up weeks which have lasted more than 5 weeks you get a big down week (liquidation break) which takes away almost 3 weeks of upside. After that it goes back to test the recent highs and then fails miserably. I believe it will do the same this time as well. In coming weeks I will not be long in many stocks and will start taking short positions (oil, gold and silver excluded).

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