It's Started
Brian Bloom
I'm not sure where this will all end, but today we saw a Dow Theory sell signal.
If you look closely at the chart below (courtesy you will see that volumes have been creeping up since the 1000 point fall the week before last. When prices fall on rising volume that is evidence of selling pressure.
"Theory" says we should see a technical bounce and if we do see that then it's probably sensible to sell out of everything except special situations.
A "special situation" is a business that you expect will do well (make strong profits) regardless of what's happening on the stock market. Those businesses will be satisfying "real" needs. Read More