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Sign #7: An indiscriminate rally

Posted Sep 20th 2009 10:00AM by Michael ShulmanMichael Shulman RSS Feed
Filed under: S and P 500


october market crashThe market has been indiscriminate in this rally, pushing up 487 out of 500 S&P stocks. This level of irrationality is ending, and certain segments are going to take a hit.

Once this happens, the broad-based support for the S&P 500 will erode brick by brick.

Next: Sign #8: Light volume

Tags: michael shulman, October market crash, SP 500

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IndexesChangePrice
DJIA+6.5112,890.46
NASDAQ+11.372,927.23
S&P 500+1.991,351.95

Last updated: February 10, 2012: 05:01 AM

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