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S&P 500
5,127.79
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1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
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1.18%
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Brent Oil
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0.00%
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-0.21%
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Post# of 704019
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Zeev Hed

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Zeev Hed

Re: lostalot post# 416099

Sunday, 08/07/2005 5:28:16 PM

Sunday, August 07, 2005 5:28:16 PM

Post# of 704019
Still in that suit, though surprised that major excursions into excessive optimism did not accompany the run above 2200. The advisors are approaching such an extreme near 60% bullish, though, market cannot make major advances in face of such uniform optimism in that group, don't you think so? Short term, however, a lot of the overbought pressures have been relieved (see the precipitous drop in RSI, for instance), so a rally from the $2130/70 area is quite poassible.

AZH

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