I noticed how much this longer term indicator diverged from the Dow during 2006 and 2007. There is a very slight divergence currently forming. All small pieces eventually make up a whole. I do not know if it is a cause for alarm, but buying here is not like buying in 2008. By the way, check out how this signaled strength in 2009 despite the Dow plunging.
No comments:
Post a Comment