Snorting bulls
January 30th, 2006 by 
InLibrisLibertas
From a (normally) reliable source, but unverified: “The DJIA closed below its December low last week. Such an event normally negates any “January Effect.” Historically, when the DJIA has a January close below the lowest tick of December, a correction of at least 10% is seen later in the year. In terms of trading days, we are currently also witnessing the second longest run in the market without a minimum 10% correction. These two signs of extreme bullishness are telling us a significant decline in stocks is overdue.”
Posted in Strategy & Scenarios | 