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The State of the Trend
By: George Krum | Saturday, November 24, 2012
Market sentiment changed to "All In" during Thanksgiving week,
and in just four days the SP500 recovered all the ground lost during the last
couple of weeks:
As expected, market breadth peaked, and that leads us to believe that a sideways/down
stage is about to begin:
A mild correction, where the index bottoms above the November lows, will
raise hopes for a possible year-end rally, although the seasonal indicator
points to choppy trading ahead:
George Krum is the author of the "CIT Dates" blog and several
books available on Amazon.
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