From The Pragmatic Capitalist:
Bloomberg recently interviewed the chief technician of Bay Crest Partner’s, Christian Bendixen and the firm is now saying the S&P may have already peaked in 2010. Their primary concern is something that has been an ominous sign for several weeks now - the conviction high volume selling and low volume lack of conviction on buying days.
According the Bay Crest the selling in 2010 has a markedly different tone than the weak, often low volume sell-offs that took place during the 2009 run-up. Bendixen elaborates...
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