Wednesday, April 17, 2013
Markets succumbing to key inflection points
The markets are beginning to surrender. They have been fighting against some very important resistance areas over the past few weeks. Each rally that fails against these areas takes away crucial energy that the markets need to continue higher. The result will be no different than it has been in the past. You could compare it to a marathon runner who tries to sprint instead of jogging at a sustainable pace. Eventually that person will collapse and be overtaken by the pack. That is what I believe is in the process of occurring in the markets.