Dan Sullivan, "the odds appear to be weighted in favor of higher stock prices"

By on June 26, 2009

The editor of the Chartist, Dan Sullivan, says another reliable indicator triggered a buy signal recently, indicating higher stock prices in the coming months.

The Chartist’s 90% Rule flashed a buy signal on April 29th. Sullivan unveiled the proprietary indicator in June 1980. According to Sullivan, whenever 90% or more of the stocks on the New York Stock Exchange manage to rise above their respective ten-week moving averages, it is a strong indication that the market can continue rising for several more months.




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