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HAVE WE SEEN THIS MOVIE BEFORE?

The daily trading in this market has become very reptetitive during this rally.  The general trend has been a big morning bump (usually on short covering) followed by 4 hours of consolidation and then another big ramp up on afternoon short covering.  The shorts have been particularly stubborn over the last 8 weeks as they try to step in front of government intervention.  Will we see another afternoon rally?  Have the shorts learned their lesson yet?  Will we continue to see this market drift higher until the government gets out of its way?

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