Thursday, October 27, 2011

Is Market Rotating?

In my previous message this week I mentioned how RLX was a strong leader this year. This morning I am noticing that RLX is not making new highs above recent highs, thus not confirming the move. I am not yet making much out of this, which could be a simple fact of market rotating from leaders into what was lagging, i.e. out of RLX and NDX into XLF, XHB, and such. Stay tuned for my further updates on this development.

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