The Dow contains only 30 Industrial stocks, so no need to conspire any theories about the well known index, it can be easily manipulated and it masked a much stronger decline.
The SPX (500 companies) decline 10 pts almost 1% and the NAZ was off a large 30 points. With the market near term overbought, the chances for further losses are in place.
The only way to infer anything is to wait and see if there is continued OOMPH behind ANY selling, because before today there sure hasn't been any for quite awhile.
Go ahead, call this rally a NEW BULL if you must, they also suffer severe retraces of the move.
When you throw in the bullshit smoke screen and idiots trotted out on brainless boob tube there is more than meets the eye.
D
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