We posted this chart on our NYSE Declining Volume model last Friday.
Last week, we commented on how this chart went back to July 2009 .... and
that out of the past 8 market up thrusts during that time, this model has identified
all 8.
The last up thrust was initiated in the beginning of April, BUT ... we
ended last Friday's commentary with the following comments: "The last
one (up thrust) was the beginning of April ... but, before feeling too bullish,
take a look at where the indicator is now. It is during such times that pull
backs occur and it during these times that investors should take cautionary
stances or actions."
We hope that helped you last week in avoiding what has been happening this
week. If you're not one of our paid subscribers yet, please give it some
thought. Hope you have a great weekend, and I will see you next Monday.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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