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S&P 500
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1.26%
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US TECH 100
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2.17%
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Dow Jones
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TREND1

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Re: None

Thursday, 07/31/2003 5:48:34 PM

Thursday, July 31, 2003 5:48:34 PM

Post# of 45
Posted by: Bearmove
In reply to: None Date:7/22/2003 8:02:37 AM
Post #of 136312

Investors' Intelligence reported on Monday that there were 531 buying climaxes in the US stock market last week (a buying climax occurs when a stock makes a new 52-week high and then reverses to close down on the week). This is the highest number of buying climaxes ever recorded by Investors' Intelligence. In fact, since the early 1990s there have only been 5 weeks with more than 200 buying climaxes. Take this any way you want, but don't take it bullishly.



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