The Downturn Has Begun
I was anticipating a crossover in the 55-day Arms Index, as I mentioned in my previous column, saying that such a crossover of the trendline would be a bearish signal. It has now happened, as can be seen below on the second chart. That points to a likely decline that will last weeks or months, not just days.
The downturn Thursday of last week coupled with the important reversal Monday in which a big gain became an even bigger loss all suggest the drop I have been calling for has begun. This is not a time to be buying into weakness but to be selling into rallies....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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