Remember, Wild Swings Come at the Top

Oh, sure, two days ago I said the market should rally for one to three days. But I didn't think it would rally all the way back -- not at all. Yet that is exactly what happened, so let's look at the statistics.

Last Friday the S&P 500 was up 13 points, on Wednesday it rose 19 -- and the NYSE advance-decline line showed a net of +1530 both days. On its own, Wednesday's breadth was good, though it was lacking compared with last week -- and, even so, the McClellan Summation Index continues to head downward. Heck, it needs another decent up day just to flatten out, let alone turn back upward....403 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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