From mid-September on-wards, market was finding hard to climb any further. It established a range and kept moving in between. BUT in last two weeks, bad earnings guidance from companies has given signs of rollover or in other words "correction". How long shall we expect this correction to last?
One day can make such a BIG difference! Entire past week, market continued to show strength and when we almost thought that more upside is in store, along came Friday. What happened on Friday and why did market slide?
From mid-month of September 2012, Market has managed to stay in a range. One thing to notice, around same time BPNYA climbed above 70 which indicated time to be alert. Next week will be crucial, WHY?
Market managed to bounce back after a brief pullback due to outcome of Presidential debate as well as good jobs report. Is this start of a new rally or the last leg up before a significant pullback!!!
What is NYUD?
What is BPNYA?