The stocks market's impressive gains Tuesday and 4-1 positive A/D ratios were consistent with the market's sold out status last week. The divergences in the NYSE High/Low analysis and the analysis of the S&P 500 stocks below their 50 day MAs that was discussed last week suggested the market was near a turning point. The extremely low bullish sentiment and high degree of pessimism over the economy was also a sign as I noted last week that there was "blood in the streets" . This another reason for...
The stocks market's impressive gains Tuesday and 4-1 positive A/D ratios were consistent with the market's sold out status last week. The divergences in the NYSE High/Low analysis and the analysis of the S&P 500 stocks below their 50 day MAs that was discussed last week suggested the market was near a turning point. The extremely low bullish sentiment and high degree of pessimism over the economy was also a sign as I noted last week that there was "blood in the streets" . This another reason for...
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