Please pardon my wavering point of view, but is it possible (based on what you see in conjunction with your market studies) that this really isn't a bull at all?
Wahz, Wasnt the drop from 5100 to lets say 4000 rather quick and didnt most gurus back then call that a correction at least at first? Two totally different times as we are in the early phase on an economic recovery but the market to this unskilled observer looks like it is wrongly throwing in the towel and when Wrongly becomes the operative word, watch out on the upside. Mike
A concern would be one of the COMP didn't make a new higher high on the last pop up. We did just that in July and made a lower low too in August. My thoughts are that we still could be making a rolling top here......or.... maybe even a form a long wedge. I think your thought of a run up to a new high, making a double top, is still possible. If we only knew :), Fletch.........Money Flow & OBV healthy......A huge up day Monday?
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