The market seems to be looking up.
Wednesday, November 28th, 2007Things aren’t looking half bad in the stock market these days. The volume of the NYSE listed shares that rose in price is more than 94% of the total volume on that exchange, which means the chances are good you made some money today.
Those in the “know” call these 9-to-1 up days. Days where there is a drastic imbalance of shares trading up over shares trading down.
Martin Zweig worte in his 1986 book, “Winning on Wall Street” that “Every bull market in history, and many good intermediate advances, have been launched with a buying stampede that included one or more 9-to-1 up days.”
A bull market? Seriously?
Existing-home sales fell …
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