by Chris Vermeulen
Market Oracle
It was “Panic Buying” that pushed the Dow Jones and the SPX Indices to record highs. To be sure there is trouble brewing in this rally. Smart money has left the stock market, as the charts at the end of this article will display!
While Wall Street insiders appear to know that something is seriously amiss with the economy, no one is warning the retail investor.
[…] The SPX continues to develop and complete its Broadening Topping Pattern. The next trend is downwards! We are NOT currently in a trending mode…so tread lightly during these choppy times.