Doesn't> The broadening top in the Indexes
even with the rally today, have not been violated.
The megaphone speaks volume. TOOT TOOT!
IMHO this market is doomed! Why? The FED did not let the stock market adjust to real value.
The CEO's have pumped up profits to please wall street, laying off millions of US workers and avoiding all capex, all the while they have sold inside in record numbers, and the FED pumped. Are the wise selling into the rally? The facts say yes.
In CA, the big corporates want to reduce benefits of simple grocery workers, cutting their paid for health benefits, issuing a warning to every other worker in the US that you will be hammered if you resist! Yet the US worker is the world's most productive if you believe the FED stats of 6% productivity. If so, why are they laying them off in record numbers, and why are they denying them the benefits earned under previous contracts? I say go to your local grocery store, and give that worker a shake of your hand. I sure did. They still say OK to go in and get my Meds. If they didn't I would go someplace else!
In the 3rd peak in the typical megaphone, rumors of insider sales become rampant.
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