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July 27, 2010 / Jeb

Why the Rally Will Fail-Volume Not Indicating Major Buying

As investors debate the validity of the stress test to gauge the financial health of European banks, the market has definitely signaled clues on the charts that we are nowhere out of the woods yet with the sovereign debt issue. Since the European Crisis began at the end of April, the news out of Europe has rattled the markets on high volume sell offs, break of trends and moving averages. It is interesting that now, with the stress test showing positive, investors are hesitant to jump back in. This is indicating there are still other major concerns and that many of us don’t have faith in the stress test or published government reports.

Read the full article here!

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