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Anybody noticing the blow-off top formation?
SPX saw 120% volume relative to last 10-day avg volume. Dumb money is getting in on the top. Insiders have been selling since Feb, picking up selling pace from 6:1 in Feb, to now 7:1 in March, and most recently at 13:1.
Calling the top on this rally has been tedious and long-strained. I really do believe 2012 is going to mirror 2008. Doesn't it just feel like that all over again? Elections, high oil prices, declining earnings. Companies are issuing Q2 earnings to be negative at a 3:1 ratio. Hasn't been this high since the "crisis days" back in 09'.
Food for thought. Trade accordingly. I believe the months from April - September will be really rough. This is all my opinion so everyone hear should research and tinker it to their investment needs.
Mact, still there?
Last edited by Vanity; 03-16-2012 at 08:05 PM..
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