The internals of the stock market can be compared to the CORE of the market. The core includes the breadth, the new highs and lows, the volume of stocks going up and the volume of stocks going down, plus dozens of other "internals."
The core of the market turned down in early April according to my PTI. What this tells me is that the market will most likely be down for the year 2012. This checks with my Dow Theory bear signal in May.
I don't know exactly HOW the market will be down, whether the decline will be slow and subtle or whether it will be a series of sharp declines. One way or the other, it doesn't matter to me. The important consideration is that most portfolios of stocks will be"under water" by year's end.
You can be sure that the bear market will try to make you believe that you ... Log in or subscribe to continue reading.
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