The market continues to frustrate those that are looking for that elusive 10% pullback. Whenever the market does a pullback to shake some of the weak longs, the talking heads come out and calling the beginning of their long awaited 10% correction. I'm sure one day they will get it right when those that are market watchers have sensed the top has been made and starting their exit. In the meantime, not much has changed. The market continues to present many good setup, but one must not forget to trade defensively and manage the risk.
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