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Jerry Samet
08-30-2011, 11:47 PM
The market rallied again today. Although the major averages closed off the highs of the day they still closed in the upper half of their trading ranges. Volume was higher but still below average. The leaders outperformed with the leaders index rising 1.76% on higher but still below average volume. The weekly Coppock flattened out today and barring a big sell off will likely give a buy signal either this week of next. That will mean that the recent FTD will be confirmed by both the Eureka and the Coppock. The market is acting like it wants to go higher, but the lack of strong volume on the upside is troubling. Jerry