Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HammerHead who wrote (87034)	4/7/2009 6:21:44 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Well, we have to realize that this rally has been going for a full month already, it began on March 6th, although people first began taking notice about a week ago... now that the rally has drawn so much attention, it's overbought and needs to correct some... my model is still on a buy, but all my near term indicators are now very overbought and I think it would be difficult for this market to continue much higher with that kind of overhead overbought weight working against it, after all, it's still officially a bear market... GZ