Little Damage To Bullish Case So Far

From Short Takes
January 9, 2013 - 7:59am

Monday’s and Tuesday’s “give backs” did not impact the CCM Market Models in a concerning manner; they continue to support the bullish case from an intermediate-term perspective. The NYSE Composite remains above both the blue and pink trendlines shown below, which is a good sign. Momentum (see Wm %R at bottom) has not deteriorated in [...]

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