By How Much Is The Market Oversold Right Now?

[shortie]

should i start a new thread "By how much is the market overbought right now?"?

 

[tradingjournals]

Quote from shortie:

should i start a new thread "By how much is the market overbought right now?"?

I do not know if you were serious or joking with that post, but I think it is a very good idea.

 

[GrandSupercycle]

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]

 

[deadbroke]

Quote from deadbroke:

You answered it yourself. See the last sentence.

So the lesson for runts who wear both a belt and suspenders (can't even trust their pants to stay up ) is ....

when the crowd goes one way, you look for the exit .... namely, in this case, the LONG signal on 1H.

Dig?

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.





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[SnakeEYE]

By WOW factor

 

[GrandSupercycle]

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