Despite the strong gains on Friday I’m still on double-top watch for the S&P 500. It’s still just teasing the all time high set in July. (and the volume is still unimpressive… but we won’t talk about that until it actually matters…)
About the only thing I would add is volume has been decreasing on this leg of the rally which is a bearish development.
2 comments:
Hale--
Just read your blog on HuffPo:
The Economic Lies From the GOP Debate
PLEASE write an article that puts to rest, once and for all, the debate about Social Security. To wit:
How much has been collected since it began.
How much would it be worth today if it had remained untouched.
And where did the money go.
This would help to eliminate the right wing let them eat cake crowd while giving the rest of us some much needed factual ammo to shoot back with.
Thanks,
Good call!
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