Reality check? Inflation, interest rates, new government spending, what do most investors think this could do to the economy? After a bullish bounce in an extended downtrend over the past six months, where was the likely target to take profits? The Dow and S&P 500, the 200 day moving average! Also, a good trend confirmation is in individual stock price charts. When short position patterns become much more attractive than bullish chart patterns, this simply implies the bears are starting to take control.
August 22nd Daily Market Comments
Reality check? Inflation, interest rates, new government spending, what do most investors think this could do to the economy? After a bullish bounce in an extended downtrend over the past six months, where was the likely target to take profits? The Dow and S&P 500, the 200 day moving average! Also, a good trend confirmation is in individual stock price charts. When short position patterns become much more attractive than bullish chart patterns, this simply implies the bears are starting to take control.