|The NYSE McClellan Oscillator at the 5/17 close|
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Wednesday, May 8, 2013
Don't fight the FED. Low interest rates will continue to fuel higher stock prices. The supply-demand pundits have not taken into account trillions of dollars currently invested in the bond market as further fuel for this rally. Money seeking better returns will continue to migrate into the stock market.
AD Line and McClellan Summation Index from mid 2006 showing the breakdown in the AD Line and SUM Index, At the present these indicators are giving no signs of a top.
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