Not Giving Up on This Rally
OK, I'll say it: I'm concerned about the market here, but I'm not ready to throw in the towel quite yet, because we're still in the early stages of rally attempt that started on Nov. 28. At this point, the major averages haven't confirmed a new uptrend yet with big percentage gains in higher volume.
Not that a follow-through day will be an instant cure for the market, but it would make me feel better about the prospects for additional strength. In case you're wondering, the market's bullish performance on Nov. 30 didn't count as follow-through, because it was too early in the rally attempt....437 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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