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Stocks Preparing for Another Drop
After a drop near the end of last week to extremely over sold levels, stock market indices went up a tad this week.
This was foreseen with the proprietary activity numbers generated by Andrewscourse.com going from 20 to 57 on Monday morning.
Indices often go up prior to a holiday and then reverse on the day prior to the holiday or the day after.
This morning various indicators suggested that this limp rally does not have much further to go and the next reaction line below current prices is the next target.
This was foreseen with the proprietary activity numbers generated by Andrewscourse.com going from 20 to 57 on Monday morning.
Indices often go up prior to a holiday and then reverse on the day prior to the holiday or the day after.
This morning various indicators suggested that this limp rally does not have much further to go and the next reaction line below current prices is the next target.
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