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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Saturday, August 22, 2015

The Week Ahead: A Replay of 2011 or 2012?

The stock market bulls finally threw in the towel last week as the selling accelerated from the opening last Thursday and was heavy into the close on Friday. The sideways trading over the past three months appeared to have been a tug of war between the bulls and bears. As I have been pointing out since early July (Greece Isn't The Real Problem) investors should have been worried about the technical deterioration not Greece. The uptrend in the major averages was accompanied by a downtrend in the A/D line which was a sign that just a small number of stocks were pushing the market higher. after last week how much more can stocks decline before the correction is over?


READ THE ORIGINAL POST AT www.forbes.com