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If this is the start of a more meaningful rally than has been seen to date in the bear market, as might be suggested by the broadly-based move past key resistance levels (including the 50-day avg), is it not true that various cycle indicators can remain overbought for extended time periods and that it usually is best to wait for such indicators to break below the 80% or 70% threshholds before turning negative instead of trying to anticipate such reversals?
Jan 04 10:57 am
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