dGX was bucking the trend on increasing volume. Something was a foot, and new was leaking to a select few.
Then whammo. DGX doubling thier divy. DGX shoots up 2.3% today, while LH closes AT IT DAY LOW., down over 1/2 %
Will this last? Well i almost sold my 500 at todays close, but i think the market is way way over due for a DCB.
So figure a couple more % rise for DGX, say to its 200 dma = $59s. Then i'll sell, then resume its bear trend with the market as a whole.
Dont be fooled people, we're back in recession, which wont be officially recognized till the spring (all recessions take 6 months to be confirmed)
By March of next year the market will be down 40% from its highs. (right now about 10%)
Count on it, and trade accordingly.