22 March 2006
Very Coy Rally Kisses Targets, by Rick Ackerman
Very Coy Rally Kisses Targets, by Rick Ackerman: "I should also note that, if the downturn begun from yesterday’s highs gains momentum over the next few days, it could queer the bullish case in a New York minute. That’s because the rally which has unfolded over the last 30 months has been accompanied by declining stochastic peaks and is in fact occurring right now on declining volume. Bottom line: Until such time as the DJIA exceeds 11350, stocks are an extremely risky buy."