By How Much Is The Market Oversold Right Now?

[Covertibility]

This could be a 90/90 day (90% up issues, 90% up volume) which would reverse the 90/90 down day 2 weeks ago.

China inflation wasn't that bad and it's up to the EU to not screw up the Greek thing next week.

 

[deadbroke]

Quote from Tsing Tao:

And what is the reason ES is up 15 points right now?

Fck, did anybody at Retard Central catch that?

A chinese beer not only talking but asking market related questions.

I'm just not going to tell anybody what I'm experiencing and seeing at ET.

 

[shortie]

Quote from deadbroke:

Fck, did anybody at Retard Central catch that?

A chinese beer not only talking but asking market related questions.

I'm just not going to tell anybody what I'm experiencing and seeing at ET.

it is not good to keep those disturbing things to yourself. you might even end up having to go through therapy later on.

 

[Locutus]

Going by teh reactions here, reasonably oversold. Going by particular measures, it's up there in the list of most oversold events in the past 20 years and going by me I think it's unlikely to go down much more although it might stay depressed longer (i.e. will continue to range while people go crazy with anxiety over the "perfect storm" and surrender their shit to cooler heads.

Fact remains that the economy remains shit, there isn't much reason to be rallying except options expiration

 

[shortie]

why did the Spaniard take it up the arse today?

EWP -5%

 

[shortie]

SPY -2%

Where is PPT?


My best guess: they are watching porn

 

[murray t turtle]

Quote from shortie:

to clarify:
... my question is more about the extent of the move away from what's "fair" right now. in other words, my question is about the probability of a reversal right now. the answer to this question probably needs integration of various measures besides the price change such as market sentiment.

... Strange!

==============
Your guts were right[JUNE -12/+ area];
brief reversal

Except for price /sell volume, ;
SPY is still in a 3 year long term uptrend[$00.33/+; plus dividends

So no;
wouldnt call it oversold now, unless the bulls do a custers last stand @125.25 approximate area,SPY.

If one likes a good uptrend, wouldnt call Citigroup, or SPY a good uptrend;
gold is nicely uptrending by many measures. Not a prediction.

 

[baro-san]

Quote from shortie:

By some measures the market is very oversold. For example it has not had 6 down weeks since 2002. But in % terms the decline is very modest. The market is still Positive for the year.

VIX has not spiked much above 18 recently, so there is not outright panic that accompanies serious market declines. But the pessimism in financial articles is quiet prominent.

Clarify what time frame your looking at ...

 

[shortie]

Quote from baro-san:

Clarify what time frame your looking at ...

i am looking for swing trades ~1-5 days

 

[baro-san]

Quote from shortie:

i am looking for swing trades ~1-5 days

So, for the kind of trades you're looking at you should look mainly at about 30 days of dailies; for the big picture 6 months of weeklies; for entries at about a week of hourly. Isn't it? Your poll time frames are way over your head.