Wednesday, July 14, 2010
Small Investors Flee Stocks, Changing Market Dynamics
This is a necessary condition for a major market bottom. I would prefer to see more capitulation and you probably will if the market goes under 9,000 and stays there. Right now I am waiting to see if the market continues its move off the low set on July 6th. We are at an important area, a sustained move above 10,200 would mean a possibly much higher prices.