Phil's Stock Market Blog

I noticed there were Climax High signals yesterday and today in the Nasdaq Composite Index after a nice little run-up last week. The market is amazingly strong, and has been for some time, but it's probably time for a short-term correction. If all goes well we'll see the volume contract and the pullback will be relatively shallow, not indicative of serious distribution.

Here's a chart: NASDAQ

The volume feed has been a bit spotty on the some of the indexes, so the chart isn't pretty, but the signals are still worthwhile.