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Last week, I said the chances of a pullback were rising. I felt that is was time to start getting more defensive as the bulk of the rally was likely behind us. But NAAIM was bullish, as was liquidity and breadth. The fact that so many technical indicators were now positive is often an early warning, but tops are very difficult to call. I thought that the market might bias higher last week, but thought we should look for weakness to being around mid-week. That weakness came on Thursday, but not until ...