Category: 2. Strategy
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Follow through day signals the market is in an uptrend
Today the S&P500 rose above the 50 day moving average in significant volume. That’s a good sign. The market continues to show the same personality trait- manic/depressant. Exuberant for a few weeks, hitting new record highs and then a slight decompression. The downers are never more than 6% [versus a true correction of 10-15%]. Each…