Thursday, October 15, 2009

Today's Market

1.) The market has been in an uptrend for the last 10 days.

2.) The market has consolidated gains at A, B, and C.

3.) The market is in another uptrend slightly above the longer trend line (1). Markets do this a fair amount.


A.) The Russell 2000 has not made a new high, and it's recent rally

B.) Has occurred on declining volume.

Remember yesterday I noted the transports were also not at a new high.

There are not fatal problems. But, they do raise eyebrows.