Persistent Selling In Late September
b'"Late September retested June lows in the stock market. Most breadth gauges were less extreme in September than in the first half and selling was persistent in late September. Declining volume was at least five times advancing volume for five consecutive days. Small-caps and Growth, which led on the way down in the first half, held above their June lows. The retest was successful enough to support a rally case," says Ed Clissold.'