I have to admit I am also pretty suspicious about the current rally. Volume low and reducing makes me nervous. 330 points up is more often a function of bear markets rather than bulls as stops are run. US indices now all up around the 50 day ema. DJIA, SPX and NASDAQ just through with transports smack bang on its 50 and the Russell just a toe nail short....that seems as good a place as any to cap a rally. Then of course there is the full moon tomorrow. The current rise looks to me like classic full moon fever....and then finally did anyone remember that last night was 10/10 and today is 11/10 ?? How famous is this part of the year for important turns ?? 10/10/2008 low, 11/10/2007 bull market high, 10/10/2002 bear market low, 11/10/1990 bear market low.
whether this is all circumstantial evidence remains to be seen
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