Vince Farrell Says No Market Break-Out
On Wednesday’s episode of Larry Kudlow’s CNBC show, Vince Farrell said that he thinks the stock market will “consolidate” here. This is important because Kudlow has named the apparent double-bottom on the S&P 500 chart as “The Farrell Bottom”.
I have been betting against a break-out, and now the “inventor” of this double-bottom has joined me. Of course, without a break-out, the double-bottom itself will be called into question and perhaps re-tested.
