Tuesday, 29 January 2013

Market Overbought?

My feeling (note: FEELING) is that the market's starting to get overbought...  There's been too much rallying of the general market while several individual companies are starting to drop.  I usually see this sign before markets reverse.  Then again, usually this happens a month or more before the drop actually happens.

Will the trend continue?  Who knows but some of my indicators support overbought positions if not yet reversals.

Just a thought.

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