Ike, OJ, Check out the Stock Attack thread, with Donald Sew. The folks on that thread DMP, Haim, Chris, scare me.
They see the drop thus far as just the firstleg down. They see tomorrow as another top.
I agree that short term, we are overbought, but mid-term, we are just getting out of oversold, and longer term, this just took us down from overbought.
I'm a BULL, so of course I expect the rally to continue. The psyche is shifting.
Also, check the investor sentiment here, bulls down to 19% lowrisk.com
Ketan |