Guest Post By Prieur du Plessis
“A number of technical indicators have been very helpful in timing the end of prior corrective phases when cyclical equity conditions were still generally constructive, i.e. a sustainable, low inflation global economic expansion and the absence of significantly overvalued conditions,” BCA Research said on Thursday, May 26, “Currently, these indicators suggest that the corrective action in the broad U.S. equity averages has further to go. Source: BCA Research, May 26, 2011 The research note mentions the following indicators. The momentum is still falling from an…
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