Is the sudden global decline a Shake Out or Shake Down?
Has the world really changed overnight or had it never really changed that much back in March?
Was the 50% run in the S&P 500 just a “Bear Market Rally” or the beginning of the next great “Bull Market” advance?
The data, he says, seems to suggest both Shake Out AND Shake Down.
Here’s a look at how stocks in the Standard & Poor’s 500-stock index performed yesterday, as well how much they’ve gained since hitting 52-week lows:
Ross says that his analysis suggests that we’re experiencing a “healthy Shake Out within the context of an ongoing Bullish Advance, rather than a Shake Down at the end of a Bear Market Rally.”
What do you think?