What do we know for sure about New All-time Highs?
We know for a fact that they are NOT a characteristic of a downtrend. We’ve gone back and done the work, and as it turns out, New All-time Highs are normally things we see in uptrends!
With the S&P500 going out at New All-time Highs yesterday, and the Nasdaq making it now 3 months in a row of all-time highs, is the bet you want to make that we’re in a downtrend for stocks? [Read more…]
