The stock market, as measured by the Standard & Poor’s 500 Index
has been on a virtual tear — gaining over 250 points since the October
lows; a mere seven weeks ago.
To date, during this massive rise, we haven't seen any confirmed sell signals registered by our indicators, and that has been good since the market just kept going higher.
However, we are now at the stage where we these sell signals are beginning to occur — some already have and more probably will, within the next day or two. Does this mean the bigger rally is over, and one should heavily short the market? No, but it does mean that a sharp, but probably short-lived correction is at hand.
http://www.marketwatch.com/story/correction-imminent-2014-12-02?siteid=yhoof2
To date, during this massive rise, we haven't seen any confirmed sell signals registered by our indicators, and that has been good since the market just kept going higher.
However, we are now at the stage where we these sell signals are beginning to occur — some already have and more probably will, within the next day or two. Does this mean the bigger rally is over, and one should heavily short the market? No, but it does mean that a sharp, but probably short-lived correction is at hand.
http://www.marketwatch.com/story/correction-imminent-2014-12-02?siteid=yhoof2
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