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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (33908)	6/20/2012 11:14:01 AM
From: fred woodall	Read Replies (3) \| Respond to of 219502

DJ Wire: Stocks are overbought, but that doesn't mean the rally is over. McClellan Market Report published Tom MCClellan said the NYSE's McClellan Advance-decline oscillator has "jumped up to really high level," meaning the market is "really overbought" and due for a stumble. But he added that the way the oscillator reached that high level also suggests a "strong upward initiation" of an uptrend. "The market may need to take steps to alleviate the overbought condition somewhat, to unstrech the rubber band, but we have the promise of more upside movement for stock prices,"