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‘Godfather’ of chart analysis says Wall Street shouldn’t bet on stock-market records anytime soon

Mark DeCambre
‘Godfather’ of chart analysis says Wall Street shouldn’t bet on stock-market records anytime soon

Prominent market technician Ralph Acampora says Wall Street needs new highs for him to be confidently bullish about the outlook for the stock markets, after a whipsawing period for the major indexes. But it’s not entirely clear that investors will see records in the immediate term.