We are at a major crossroads here. If we are unable to break out of this trading range to the upside soon, then there is a danger that we could quickly slide back down again to the lows.
More Quotes from Ken Tower:
Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.Ken Tower
Paradoxically you need people to be more discouraged in order for there to be a market bottom.
Ken Tower
When the companies actually come in with their earnings announcements, we're going to move a lot higher. I think when investors look through the rubble after the correction we've seen they are going to find some real good values.
Ken Tower
I think there is a wait-and-see attitude about next week's Fed meeting. Investors are thinking that perhaps the recent weaker-than-expected employment report means that the Fed is near the end of its rate-hiking cycle, but I don't think that's the case.
Ken Tower
I think the market's sending a very clear signal that it wants to move higher,
Ken Tower
And Wrigley has been very strong for some time, continues to move higher, ... Just had another breakout to a new high. There are lots of stocks in this market that are doing quite well. They just aren't technology stocks.
Ken Tower
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Based on Topics: Danger & Risk QuotesMarketing is the devil.
Billy Bob Thornton
But, in the end, even a song that's as politically bland as Blowin in the Wind, you probably wouldn't get up and sing that now, whereas some of Bob Dylan's love songs that were contemporary with that, like say Girl from the North Country, you can still get up an play now.
Billy Bragg
First of all, I always see the sun! The way I want to identify myself and others is with halos here and there halos, movements of color. And that, I believe, is rhythm.
Robert Delaunay