Arthur Cashin: Bear Market Rallies are Short, Violent, Sharp

Sunday, October 11, 2009

Art Cashin, director of floor operations for UBS Financial Services said that "in the old trader`s handbook says that bear market rallies are short, violent, shart and die on low volume."

"Readers have to watch the volume. When volume dries up, the market will roll over."

"We are going to have some kind of a retest on the lows. Yesterday`s rally was 70% short covering."

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