This Looks Like a High Point
Since the markets are right up to the highs of last March and April, one might hope for a breakout and the start of a new advance. However, as I have said repeatedly in the last two weeks, the lack of volume, the lack of price movement, the lack of fear and the low Arms Index readings all suggest that this is a high point, at least for a while.
History tells us that we are likely to have quiet trading in August, and that is being used as an excuse for the inactivity. But then what about last year? August 2011 produced a big drop, and it followed trading conditions that were very similar to what we are seeing now....324 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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