Unusual Happening

Richard Russell, the Experienced Pro – “I’ve Never Seen Anything Like This.” This was from Richard Russell on May 25: “I’ve been studying the Lowry’s statistics ever since the 1960s. In fact, I knew the late-great Mr. Lowry. In all those years, I’ve never seen a performance like the recent one. The "market" has been advancing for 14 months. This "should have" put Lowry’s Buying Power Index far above their Selling Pressure Index. But the astonishing fact is that on May 21 Lowry’s Selling Pressure Index was a giant 510 points ABOVE their Buying Pressure Index. I’ve never seen a performance like this before. It tells me that smart money has been selling heavily into this market during the entire advance. This has ominous implications. With Selling …