Price Action Appears to Be Comatose

The bad news is that the bulls have been unable to build on the post-Fed euphoria. The good news is that the bears aren't making much progress with a reversal attempt. Breadth is pretty good and there is some underlying support, but neither bulls nor bears have been able to generate much energy.

Typically, it has been a mistake to be overly negative when the market acts in this manner. Those with a bearish inclination tend to believe action like this is a sign that a top is forming, but I can't even count the number of times the bears have failed to capitalize when they have an edge. If you have been quick to play defense at the first sign of a pause, you usually wind up having to scramble to add long exposure as the upward trend continues....206 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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