By How Much Is The Market Oversold Right Now?

Discussion in 'Trading' started by shortie, Jun 12, 2011.

How Would You Characterize This Oversold Market?

  1. Happens every ~2 months

    2 vote(s)
    5.4%
  2. Happens ~3-4 times per year

    8 vote(s)
    21.6%
  3. Happens ~1-2 times per year

    16 vote(s)
    43.2%
  4. Happens once every ~1-2 years

    2 vote(s)
    5.4%
  5. Happens once every ~3-4 years

    9 vote(s)
    24.3%
  1. should i start a new thread "By how much is the market overbought right now?"?
     
    #101     Jun 30, 2011
  2. I do not know if you were serious or joking with that post, but I think it is a very good idea.
     
    #102     Jun 30, 2011
  3. Now quarter end equity rally has presumably ended, EURUSD etc
    overdue retracement can begin. Recent DOW/SP500 candles indicate recent rally involved significant short covering.

    Prepare for the next Black Swan CRASH which will be "unexpected and could never have been predicted"
    http://stockmarket618.wordpress.com

    [Warning: Nine_Ender is an unbalanced internet stalker who clearly needs professional help]
     
    #103     Jun 30, 2011

  4. For Shortie ....

    Very astute observations on the SENTIMENT, Shortie. Good for you.

    See chart for the date of my reply to you. Sentiment readings help nail the bottom but as you can see it was close to the actual bottom but not the exact bottom. Still, very helpful in getting an alert as to an impending low.



    [​IMG]

    Uploaded with ImageShack.us
     
    #104     Jun 30, 2011
  5. By WOW factor
     
    #105     Jun 30, 2011
  6. Extreme overextension from recent equity rally should result in a
    significant retracement.

    S&P500 daily charts show updated rising wedge and possible head and shoulders pattern with target of 1150 when confirmed. Recent aggressive buying and short covering is revealed by very bullish candles.
    http://stockmarket618.wordpress.com
     
    #106     Jul 1, 2011