Still, No One Is Long
- Posted by UpsideTrader
- on June 10th, 2012
Click to enlarge
The folks at McClellan have done a great job of calling this tape. Whether you believe that last week marked a short term bottom or not, this chart is fascinating. In March he said the market would bottom on June 4th. Not bad. It may telegraph what is to come. Much higher prices.
Here is a clip from his Bloomberg interview on Thursday.
Follow @upsidetraderThe information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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