Top technical analyst Ralph Acampora sees a 'vacuum rally' and a bear market for stocks

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The market will probably rally, but that doesn't necessarily mean the bottom is in, says 'the godfather of technical analysis,' Ralph Acampora.

 

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'Vacuum rally' should continue, says Ralph AcamporaCNBC's 'Closing Bell' team talks with Ralph Acampora of Altaira Capital Partners about his comments on the current market movement. Acampora wrote on Twitter that there has been a “vacuum rally.' Did he just make that term up? The hedge funds that are playing with the algorithms determine the price of the shares. If they can earn more with lower prices than we go this way and otherwise the other way. Investing has less and less to do with investing
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