The back end of a bull?

This is what the back of a bull looks like.

And I think so does this,

This looks like distribution - not a healthy pause before the next run.  Fewer and fewer stocks are participating in the upward momentum. My last post was about looking for direction when the inevitable bounce came from the falls from yearly highs and its been disappointing. Maybe Santa can save the indexes by holding up a couple of big Caps but underneath them less stocks are rewarding holders and it would seem more are heading for the exits. AUD could bring back some specie juice if it takes the highs out. But I'm only watching that as an "if" at the moment. Not trading it like I expect it to happen with any gusto.

Comments

[seen hur]

I've noticed the same based on price movement and volume of DOW stocks. The volume is thinning out so much and based on that, I'd guess a small break out up or down, but based on the price movements and trend analysis; what you said "less stocks are rewarding holders" I think it's the end of the bull run. We'll see soon enough.

[Chris Back]

This guy must be good he again predicted a major fall in the markets.

Wow

[NS]

Still waiting for your books TH..