In the month of may $27. of stock was sold for every $1 dollar purchased by insiders. So one might ask WHO IS DOING THE BUYING? We know the insiders have more info than us… they look and cook shake and bake the numbers better than we ever could…. –and they with all their “inside-knowledge” are selling. Yet at the same time bullishness pervades and bears are cringing in their caves… they may have thick coats of fur but it is really cold out their for us bears right now… like you didn’t know this?
So we all know there is a big head and shoulders top in the s&p… we all know that the s&p has crossed above the 200 day moving avg… the question now is –which takes precedence? Does the large pattern ie: H&S top overrule the 200 day crossover ?
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