The furious stock rally continues… But
The furious stock rally continues. But if you’re considering adding to your stake in the markets, be careful where you tread.
On July 23rd the percentage of bulls in the stock market, as measured by the American Association of Individual Investors, jumped 10%. And not only did the survey reveal a huge increase in bullish sentiment, the number of investors who see themselves as bearish dropped 11%. In one day! Continue reading
Special Market Alert! have we seen the bottom? Part 2
Last week I said, “On Wednesday March 12th the market neared its October lows but extremely significantly DID NOT break through to new LOWS! This is extremely Bullish! This is very significant. Even with all the negative news and fears about a WAR with Iraq… the market could not make a new low. This may very well be the bottom of the slide. The final confirmation necessary is another 2% up day on strong volume. This may come as early as Monday. A move below previous lows would of course negate the buy signal.” Then later on I said… Don’t miss the next few days in the market.
If you want to reread last weeks comments they are available here.
I could not have been more forceful, I did everything but jump up and down and beg you to get into the market! I said that we were entering a week very similar to the week last October where the market moved up dramatically. Continue reading
