To start off the quarter, the market seemed to show some signs of fear. Maybe the big money decided to take a little profit here to protect what has been an incredibly profitable first quarter for bulls. What really got my attention was that the Russell 2000 small cap index (RUT) was down 1.3% while the DJIA finished flat. In all my studies that led to the development of the RumWave, this was what I noticed when the market had reached a top.
I'm sure that we'll pop tomorrow, but I still think there's danger on the horizon, and it may be closer than a lot of people think.
"Score Total" June '12 to today:
GOOD LUCK TOMORROW!