Saturday, January 30, 2010

Why this is probably the end of the rally...



Notice here the huge divergence between price and the price/volume weighted CMF indicator as seen in the ETF that tracks the risky small cap Russell 2000 (lower chart, IWM). The July correction in price was equally deep to what we have seen now, but it had buying volume on it's side, unlike the present situation...

1 comment:

QUALITY STOCKS UNDER FIVE DOLLARS said...

The rally has gone much further than ever expected.