This V rally can't last PDF Print E-mail
Written by Gary B. Smith   
Monday, 12 July 2010 06:20

I've pointed out over the past few days that the current rally from an oversold position was unlikely to last.  Today may be the judgment day, as overhead resistance is just above.  Adding to my skepticism is the fact that volume has diminished each day the market moves higher.  If the rally truly had legs, I think you'd see a pickup in volume or at least a flattening. 

So, call me scared, or call me a cynic, but I have zero confidence in the bull side right now.

This V rally can't last