Tiresome, Tedious Action

I've often written that the reason to respect momentum is that the market tends to move in one direction much longer than most people think is reasonable. That certainly is well illustrated in this market, which has suffered yet another poor day.

Not only has the market been steadily sinking for weeks, but it has consistently closed poorly. The last close near the highs was 11 sessions ago and, prior to today, there were six straight closes in the bottom of the intraday range....217 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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