DOW only down 28 but the RUSSELL down the equivalent of 250 DOW points. The MIDCAPS down the equivalent of 150 DOW points. Advance/declines were gross. More and more names broke the 10 week/50 day average.
THE POPULAR INDICES WILL NOT BE ABLE TO TAKE TOO MUCH MORE OF THESE KINDS OF DAYS! Pixie dust needed!
http://garykaltbaum.com/wp-content/uploads/2014/08/ipo-market.jpg500750aaronmat-adminhttp://garykaltbaum.com/wp-content/uploads/2015/12/gary-k-logo7-390px.pngaaronmat-admin2014-09-30 18:33:282014-09-30 18:33:28AND MORE DETERIORATION!
Don’t worry about a nasty, high volume reversal. We’ll just gap it up the next day. Strong open awaits. I will stay silent about it except to say: I have been taught and have studied that changes in trend often occur with violent action after a large drop in price or after a large rally […]
-By Gary Kaltbaum- January 16,2018- -To be brief, after a strong beginning of the year, on top of what we have seen the past 2-3 months, on top of what we have seen since the election, today’s action looks to be a classic exhaustion gap. After the run, the market gaps open big numbers and […]