A classic sign of the end of a bull market is when the leaders of the uptrend breakdown sharply all on the same day. Today we see this occur in the Coal and Steel sectors. Though the general US markets have been in a Bear since 11/7/07 the Coal and Steel sectors continued a bull trend through the general market corrections. But today's price action indicates the bull trend in Coal and Steel is likely coming to an end.
1 comment:
Those were some nasty looking moves, weren't they?
Thanks for the link!
BMB
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