Technician: No Signs of a Market Top; Use Pullbacks as Buying Opportunities

Richard Dickson, Chief Market Analyst at Lowry Research, recently joined Financial Sense Newshour to give an update on their buying power/selling pressure gauges and to explain why they don't see any signs of a market top, whether it's possible to "time the market," and the likelihood of another 10% correction before heading higher.
On their gauges and a market top, he said:
“What’s really been happening over the last month or so has been more of a drop in selling pressure than a rise in buying power…overall [however], the balance is fine. You have a very nice positive spread between buying power and selling pressure. So, we’re not seeing any of the usual signs that would suggest this market is getting anywhere close to an end.”  (more)

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