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I Know What You Did Last Summer

By Rev Shark

 About this article:
 If I'd observed all the rules, I'd never have got anywhere. -- Marilyn Monroe Over the last couple of weeks, the market has been showing signs of slowing momentum. There has been a persistent inclination to sell on good news, small caps have acted terribly, financials have struggled, the dip buyers have lost their energy and some technical damage has been done to the indices as well as many individual stocks. On Thursday, the market forgot about all these concerns and returned to the sort of action that we saw so often this past summer. Just when it looked like the trend was starting to break down, we'd have a very energetic upside day that would catch everyone by surprise. And that is exactly what happened yesterday. As has been the pattern, volume wasn't very impressive, but breadth was quite good and we even accelerated higher in the...

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