Posts Tagged ‘dealer index’
..And The Crash of 2007 Begins
Sunday, March 4, 2007 18:29 16 CommentsMarch 4, 2007
The Bear Market Has Begun
(Update 2008: OK, so I was a bit early!)
In “The Coming Stock Market Crash of 2007,” I made the case for a major stock market decline based on both macroeconomic events and technical weakness emerging in the global financial markets. At the time, my view was against [...]
Brokers Break Down on Rising Volume
Monday, February 26, 2007 0:32 4 CommentsFebruary 26, 2007
There’s an old saying on Wall Street–”Where the broker-dealers go, so goes the market.”
After a day of heavy selling pressure, the AMEX broker-dealer index broke below the 50 day moving average. This is not a good sign for the health of the market.
Below we see the index breaking down after todays trading.
The following [...]
