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Tag Archives: Bema

TAKING ITS OWN SWEET TIME

As usual, the stock market is doing things on its own schedule — not ours or anybody else’s. But it sure looks as if a marvelous bottom is shaping up. Yesterday’s panicky selloff had the earmarks of an exhaustion move. Downside share volume on the NYSE outnumbered upside volume by a whopping 11:1 margin. That’s the kind of reading you normally see at, or in the neighborhood of, a major low.