It would be really surprising, and a real show of strength, if this rally continues uninterrupted next week:
Market Breadth Data******************************
Saturday, November 29, 2008
Sunday, November 23, 2008
Wednesday, November 19, 2008
Saturday, November 08, 2008
Friday, November 07, 2008
Thursday, November 06, 2008
As far as I can tell, there have been only 7 back to back 5% and greater declines in the last 100 years of Dow history. The first six occurred in the period 1929-1940.
The only triple marked the '29 bottom on November 13th, 19229.
To put things in perspective, this is how overbought certain indicators were on November 4th:
The only triple marked the '29 bottom on November 13th, 19229.
To put things in perspective, this is how overbought certain indicators were on November 4th:
Subscribe to:
Posts (Atom)
Terms of Use
All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.
Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.