There was a 38 session buying stampede into the 1987 peak in August, which proceeded the Dow Theory sell signal of October 15th of 1987. We all know what happened on October 19th, we got the stock market crash. Then, in 2010 you had a 53 session buying stampede.
But the one we are in right now is the longest one I’ve ever seen in my career. As I said, today marks the 102nd trading session of this buying stampede. That’s 102 sessions of a buying stampede, and remarkably we still haven’t had 3 consecutive days down in the Dow since this buying stampede started.
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.