Tuesday, July 31, 2007

A rolling rally or the big bounce?

In the 1980’s and 1990s at the end of a sell off we would often see a huge selling climax coupled with a big bounce up ward ,but since 2000 we noticed a new phenomenon ,its what I call the rolling slow take off rally ,characterized by slow momentum building turn around . Like earlier this year this looks to be another example of a slow rolling takeoff.

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