Last week was an uneventful one, as the major stock market averages bounced around with no apparent direction. While there was some modest improvement in a couple of my indicators, they all ended the week in the same general position as they ended last week.My longer-term indicators remain solidly bullish. Value measures continue to be positive. The breadth of the market is matching the action of the major averages. Market-sentiment measures are bullish, as short-sellers remain very active, always anticipating the bear market they feel is right around the corner. I cannot find any reason to believe that this bull market that began in 2002-2003 is close to coming to an end.
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