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I've referred to the current market as a strong-get-stronger market, the kind of momentum market in which uptrending stocks continue to advance without pullback and stocks in downtrends continue to fall without pause.
Doppler OCT images consisting of 2500 A-lines/frame were taken at a frame rate of 20 frames/s without pullback.
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"Bitcoin breaking $8000 without pullbacks is a very bullish sign," said Jon Pearlstone, publisher of the newsletter CryptoPatterns.
This move boosted JBLU above its 10- and 20-month moving averages; if the stock cruises to the end of December without a pullback of 12% or worse, it will mark the first time JBLU has spent two consecutive months above these trendlines since late 2003.
There have been a half-dozen long stretches without a real pullback.
"It's difficult to have any significant pullback without potentially damaging the U.S. economy," said David Stevens, Obama's former FHA commissioner and now the president of the Mortgage Bankers Association.
Without a major pullback from Iraq, the Pentagon will not have enough troops to fight in Afghanistan — where the United States is in danger of losing the real war on terrorism against Al Qaeda and the Taliban.
However, no market rally is without its occasional pullback.
Perhaps even more remarkable is how markets continuously advanced without a significant pullback in this period.
That is a very impressive run without seeing a pullback greater than 10%.
The SPX had rallied for 228 consecutive calendar days without a 2% pullback, exceeding the previous record of 223 days in 1995.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com