Week of Consolidation

Hello all,
 
Don added his comments and insights for the upcoming week in the Briefing Room.
 
Last week the market did exactly what we thought it might do. . . digest some of it's prior gains.
The market can digest gains (go sideways with only small pullbacks) in two different ways. It can be nice and methodical going mostly sideways with only small pullbacks with low volatility which is actually healthy and points to continued gains.  Unhealthy consolidations will have increasing volatility and large short swings in price which will break key support levels.  Many times these types of consolidations point to larger downturns in the near future.
 
We are moving into earnings season with this current consolidation.  It shouldn't take long to determine which category this consolidation will fall within.
 
For those of you who haven't watched Don's blog at www.DonMillerBlog.com, this last post and video ranks as one of the best I've seen.
 
I will be contacting those of you who haven't completed new Risk Profiles this week.  
 
Have a great week!