Oversold but no Bounce – July 7, 2010
The equity markets remain quite oversold based on historical measures such as RSI but thus far have been unable to mount a serious bounce attempt. This is one reason that as traders and investors you never buy simply because a stock or market is oversold and you do not sell because one is overbought. Markets can remain oversold or overbought for long periods of time and in fact it is often a sign of weakness when an oversold market does not bounce in a timely manner.
Another sign of ……CLICK HERE to read more!
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