http://stockcharts.com/charts/gallery.html...6;BTK:$SPX A bull market always has one sector in 'frothy mode'. But how much is too much.? "Greed is good", now.?
Similar over bought conditions in this "speculation index" has led to some stiff market corrections in the past, including the recent bear market which ended in Mar 09.
"In the fullness of time" , we will know in hindsight, "how much is too much".
Nose bleed territory?
Started by
tomterrific14
, Mar 08 2010 03:44 AM
1 reply to this topic
#2
tomterrific14
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- Traders-Talk User
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Posted 08 March 2010 - 03:51 AM
http://stockcharts.com/charts/gallery.html...6;BTK:$SPX A bull market always has one sector in 'frothy mode'. But how much is too much.? "Greed is good", now.?
Similar over bought conditions in this "speculation index" has led to some stiff market corrections in the past, including the recent bear market which ended in Mar 09.
"In the fullness of time" , we will know in hindsight, "how much is too much".
http://stockcharts.com/h-sc/ui?s=$btk:$spx Daily chart with 14 day RSI, upside objective reached. 90-78=12 +90=102.
