How Short Was the Short-Term Rally?
After a big drop on an enormous Arms Index reading Monday followed by holding action Tuesday, I thought a short-term rally was due. It sure was short term!
Since then we have seen the markets try to go higher twice, and each time the rally failed. In fact, yesterday's low broke Tuesday's low decisively, as seen on the first chart. One has to wonder if that's all the bounce we'll see, in spite of the very big AI readings....576 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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