Thursday, September 10, 2009

Overbought / Oversold Stock Indicator Shifting to Moderately Short

At current stock market levels, our overbought / oversold stock market indicators are shifting to slightly short. However, with both the long-term models and short-term models long, we will maintain a long stock market bias -- with a "yellow caution flag."

Our overbought/oversold indicators have been in sync with the market quite well lately.

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