Too Soon to Sound the All-Clear
Well, well, well. Two straight days of gains for the major averages and closes near highs, and another strong open today. The market's character could be changing here, especially if early strong gains hold and volume on the New York Stock Exchange and Nasdaq comes in higher than Tuesday's levels.
Still, today is only the third day of a rally attempt for the market, and that means major averages aren't out of the woods yet. That's because historical precedent shows that the market's buy signals tend to come on the fourth day or later of a rally attempt....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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