Thursday, November 26, 2009

Rally Starting To Run On Thin Air



The rally is in my mind running out of steam and in due time sooner rather than later we "should" see a major correction start to unfold. Fewer and fewer stocks are supporting the recent advance. The volume on up days has been pretty much been non-existent. Also the VIX has been drifting into areas of complacency showing that investors are less fearful. These charts will be very interesting to watch over the next few weeks.

2 comments:

Tyler said...

Stewie,

Looks like quite a sell-off in the ES today. Should be an interesting half day tomorrow.

Tyler

Stewie said...

interesting indeed. let's how much volume kikcs in?????

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