All of this distribution is now very bearish but before the selloff you can see was a very bearish warning. Those that listened to the voice of the market (price AND VOLUME) could clearly see and hear that major distribution had taken over. Those big three down quarters of record volume has since been surpassed by one of the worst quarters ever in the history of the stock market since a 45% decline in the DJIA in 1932. That is this quarter’s 42% loss on the Nasdaq on volume that is the largest EVER for quarterly volume. That largest volume ever with all those distribution quarters makes the Nasdaq look extremely sick.

And if you think there is much safety in the NYSE you are wrong about that. The NYSE had its highest quarterly volume ever during a down quarter in 2007. So while the quarterly volume selloff is not nearly as high as on the Nasdaq, the Nasdaq is full of technology and innovative growth companies that usually go on to make bigger price gains. That excitement and powerful gains was a hallmark of the Nasdaq during the 80s and 90s and was from 2003-2007 (mainly 2003 and 2004). Though the last rally during that time was NOTHING like the eighties and nineties, it still produced stocks like TASR that returned 2,390%.

Those kind of gains in a bull market combined with 86% gains from stocks like CETV in a bear market eventually leads to substantial wealth. Just do not forget about those taxes! I hope everyone had a good day, survived all the BS from the media, and with your updated watchlist are ready for tomorrow. Have a great day/afternoon/evening/night!