Have you noticed that nobody talks about market action any longer? All the talk is about news, fundamentals, and analysis of corporations. Here we have one of the most flagrant series of non-confirmations in the Averages, and I have yet to see any analyst or market commentator mention it. The art or science of interpreting market action has virtually disappeared.
One reason for this is that the "art" of reading the market is not a science; it's partly philosophical and partly a pseudo-science and over all an art. It's based on past case histories, and therefore it's difficult for most people to understand and accept.
Many subscribers think that Richard Russell is a perpetual bear and that nothing will turn him bullish. They could not be more wrong. I call 'em the way I see 'em. In 1957 I built my business on my lone bullishness, and I wrote a bullish article ... Log in or subscribe to continue reading.
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