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“An Incredibly Important Turning Point” Fact #1: Reams of stocks have been trading at 52-week highs. Fact #2: Reams of stocks have been trading at 52-week lows. Not since 1984 the year not the book has the stock market manifested such violent schizophrenia. Sentiment Trader: [We recently saw] the biggest split in almost 40 years. There were so many stocks hitting 52-week highs AND 52-week lows on both the NYSE and Nasdaq that it registered the 2nd most extreme reading since 1984. Thus we find the stock market a riot of warring signals… A traffic light flashing red and green both. A road sign arrowing in opposing directions. A compass giving north and south indications. ....
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