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.
Posted by Stewie at 10:19 AM
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