Just as you wouldn't plant crops in the middle of winter, there are times when you are better off avoiding risk and waiting for the next economic expansion to come your way.
The markets know more than any individual. The markets leave clues, so observe what is going on and follow the flow of money.
I want to analyze what I am seeing and chronical my thoughts.
(for easier viewing, click each chart to enlarge it)
Feel free to contact me at nbcharts@yahoo.com
Monday, October 26, 2009
The Market Narrows
For the first time in a while, I am seeing sectors starting to top and roll over. The Market is narrowing. The Summation Index fell to 960 today, after breaking the key 1,140 level late last week. The Bullish Percent Index has put in its first lower high since early June.
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