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Notes to myself, possibly of interest to others.
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Monday, February 1, 2010

Rosenberg Daily - Distribution...

The Dow, which first crossed the 10,000 mark back in March 29, 1999, is about to make another run at it on the downside. It still amazes us that the index has basically just been moving sideways on either side of that line for 11 years now.

...According to the Investor’s Business Daily, leaders faltering on heavy volume have outnumbered leaders rising on heavy volume nearly every day in January. Again, these so-called distribution days are bad news for the bulls but rest assured that the majority of them do not see what is happening now as anything more than a mild correction and an opportunity to get in at better prices.

---Rosenberg, 2/1

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