Sitting at the Old Highs
Boring! Perhaps it is the lead-up to Labor Day weekend, but even so, we have seen some of the lightest volume in many years, we are seeing almost no price movement, and we are seeing extremely tight ranges.
Rather than attribute it all to the coming weekend, I believe the lack of action is primarily a result of indecision as we sit right at the old highs from last spring. Such action is typical of a market that is encountering overhead resistance, and it usually leads to a downturn....338 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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