Even though the market finally broke higher again – as this blog has been patient to realize – suddenly tonight, the bearish count looks kind good again. There is not enough confidence to make it the primary count, but we’ll just call it the bearish count. The primary count still suggests the huge overhead gap will be closed.
The market seems to be at one of those major inflection points.
DJIA almost makes its highest high since early March. DOW theory is flashing red if the Industrials manage a higher high above the August high and the transports fail to adchieve.
Notice any pattern here? How about a broken market?
