Stocks for the Rest of Us
Starting to Get a Little Extended
The major indices are starting to get a little extended here. A prudent trader would be taking more gains as the markets continue higher. One thing of note is the trend in declining volume which usually indicates a lack of sponsorship and belief in the rally. If today’s volume ends up being rather high it could indicate a “blow off” top in which the buyers exhaust themselves and the sellers usually take over from that point.

| Print article | This entry was posted by brian on July 23, 2009 at 10:22 am, and is filed under Daily Market Review. Follow any responses to this post through RSS 2.0. Responses are currently closed, but you can trackback from your own site. |
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