Online Stock Trading | Mr. Greenspan speaks irrational exhuberance in China sends Stocks lower

Mr. Greenspan speaks irrational exhuberance in China sends Stocks lower


Filed Under Market Commentary |

What could have ended as another low volume rally ended with a distribution day for the NASDAQ. While many believe that, like me that China could crack any day. But, it could go longer at this point it is anyboday’s guess.

Five distribution days on the NASDAQ does cause us concern only because this is where we could start seeing more price action downward.

I am going to hold off any real conclusions to the end of this week as this Fifth Distribution day is quite curious to me at this point in the rally. Is this the break for the “sell in May” crowd, vindication?

Aloha,
Market Speculator

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