Wednesday, June 23, 2010

Not So Good!

There's not much good to say about this afternoon's market action. While many individual stocks appear to be working on the right side of new bases (JBL looks like it could develop a very nice base later on), the broader markets look ready to fall further after giving up the day's earlier gains. I didn't expect this rally to be easy. It's a B wave and they are rarely easy, but I remain of the opinion that it will continue higher into July.

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