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Message: Re: This is about as oversold as it gets - short term
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Icon president This is about as oversold as it gets - short term

Klaus
Sep 22, 2011 03:48PM

Just checked my internal indicators. Had to go back a long way to find readings like today. Specifically, November 20, 2008. That day was followed by 2 strong up days and a 5 week rally. The final bottom in March was actually less oversold.

Also, the VIX & VXX show potential topping candles, and several of the ree stocks had potential bottoming candles.

I'm betting a snap back rally is likely to start tomorrow (rather than a crash). We'll see how far it goes.

Re: This is about as oversold as it gets - short term

candide001
Sep 22, 2011 10:50PM
Icon president Re: This is about as oversold as it gets - klaus

kim
Sep 23, 2011 08:19AM
Icon president Re: This is about as oversold as it gets - Kim

Klaus
Sep 23, 2011 09:06AM
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