Contrarian market commentary and economic postings.
Saturday, August 11, 2012
NON CONFIRMATION OF RECENT NEW RALLY HIGHS
Transports and mid cap and small cap stocks non confirming new rally highs in Dow and SPX, the rally is getting more selective, less new highs as it goes along. this is NOT indicative of a healthy rally nor one you would expect to see in an ongoing BULL MKT,IMHO
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.