They say one day doesn't define a trend. I'm not so sure.
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Let's make the assumption that the current Great Disconnect between Main Street and Wall Street doesn't exist.
The Dow Jones Industrial Average's 9-day winning streak is the longest since November 1996.
Stocks drifted most of the day until what looks like a "Market On Close" buy program goosed the market.
Last week, we offered that an hourly S&P for February 2013 looked like a fractal of the dailies from July through October 2007.
Pattern and price have given indications of an important turn at the same time we have overbought conditions.
The volatility spike implied by Wednesday's lunar eclipse at 9:46 and warned about in Tuesday's report played out in spades.
The song remains the same. The words may differ.