Saturday, April 11, 2009

Market Correction this Week?

Obstacles are those frightful things you see when you take your eyes off your goal.
~Henry Ford

The Nasdaq has surged 31% from its March 9 low. The NYSE composite added 29% from its March 6 worst. The S&P 500 gained 28% and the Dow rose 25%.

The Market Pulse shows that a distribution day, one notched on March 20, has fallen off the count. The broad indexes have climbed enough to make that session's high-volume loss less relevant.

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