Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

A follow through day

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Today’s price action is a higher-volume follow through day on the rally starting after the horrendous Oct 10.  As I’ve noted previously, bear market rallies are quick, vicious, and exhilarating.  Do not fall in love with your stocks again, as the longer term down trend remains in tact.  My greatest concern is the lack of leadership in the past couple of weeks.  Which sector is going to rotate to the front of the pack?

Brian Shannon at AlphaTrends.blogspot.com has published some outstanding data to help us put perspective on this market.

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Written by heyercapital

October 16, 2008 at 10:10 pm

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