Friday, September 4, 2009
The bull is back
It was quite a week. The market got whacked after 3 Climax High signals in a row the preceding week, but the hammering didn't last long. Yesterday and today it snapped back, shrugging off the correction like nothing ever happened.
Meanwhile, stocks like SNX pulled back just to support, threatening to break down, but they bounced. Quite a few stocks gave us actual Climax Low signals; the number of stocks making Climax Lows (you can plot it as a breadth indicator) surged on Thursday and Friday.
Meanwhile, stocks like SNX pulled back just to support, threatening to break down, but they bounced. Quite a few stocks gave us actual Climax Low signals; the number of stocks making Climax Lows (you can plot it as a breadth indicator) surged on Thursday and Friday.
// posted by gigascanner @ 4:39 PM 
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To Rhea S: I sent you a note back, but you didn't respond. Therefore, I conclude that your comment was nothing but an attempt to publicize your url, and I deleted it.
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