of course first flush of sell off is almost always a buy..
may be near gapfill at the beginning of May would be a good ST buy.........
sell off very likely
Started by
andiron
, May 22 2013 05:41 AM
1 reply to this topic
#2
ogm
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- Traders-Talk User
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Posted 22 May 2013 - 08:10 AM
of course first flush of sell off is almost always a buy..
may be near gapfill at the beginning of May would be a good ST buy.........
Will be interesting to see what the market does after Ben confirms that printing press will never stop.
Last time market was this overbought was in 2004. This led to multiweek chop back then.
Investor Intel is now 55% + bulls. Highest since 2007 peak. Market is euphoric. And yet earnings continue coming in crappy. Weather is stopping Target shoppers from cashing in their "wealth effect" money.
Edited by ogm, 22 May 2013 - 08:14 AM.
