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WALL STREET CRAPS STOCK MARKET STRATEGY NOVEMBER 28, 2019

November 28th, 2019

craps front coverSTOCK MARKET STRATEGY FOR NOVEMBER 28, 2019: The major indices in the stock market (Dow, S&P, Nasdaq) all hits consecutive historic highs for three days in a row on declining volume. A similar situation happened in reverse back in August of 1982 when the general market quietly exhausted all selling at its final inflation-adjusted all-time low. Could this be the ultimate top? Have the last short-sellers finally thrown in the towel? Isn’t it a coincidence that this is happening on a holiday, too?

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market is quietly making new all-time highs as complacency has set in on a seemingly never-ending relentless advance. But my senses tell me that the top is close at hand and a move to the sidelines is most likely the smartest move to make right now.

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