The Long-Term Trend Is Still Down
Complacency is rampant, and disturbing. After Friday's drop and then such a weak opening on Monday, one would anticipate a run for the exits by the more nervous. But look at the Arms Index numbers. Even when the market was at its worst on Monday, the index was barely bearish, and it soon swung to the bullish side.
That might sound good, but it is bad. Declines should bring in selling and get rid of weak holders. When that does not occur, the decline is likely to go further....330 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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