Monday, April 30, 2012
Investor Sentiment: It's All Good, but...
The price action this past week was fabulous as the market found its winning ways on the back of AAPL earnings and a Federal Reserve that remains as compliant as ever. It's all good, and no doubt this can only mean one thing. It's clear sailing ahead. But not so fast. From this perspective the price action looks more like a market top than a launching pad for another bull run. Huh? Yeah, a market top. The lack of bullish signals, where there are more bears than bulls in any time
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