Monday, October 21, 2013
Signs of the Times
As we have noted, the current cycle is actually tracking the earlier footprints of the previous historic drive rather closely.
This time around the block the balloons have been filled more evenly – yet most efficiently captured by another high beta index – the RUT.
Narrowing the timeframe, but buttressing the idea of consolidation in the Nasdaq through Q4, is our own Apple comparative. Going on more than 10 months, it has helped guide us both on the way down – and on the way up.