The top 100 stock
market authors
selected for publication in the last week
market authors
selected for publication in the last week
Carl Spackler » Comments » Single Comment
Comments by Ticker
165 comments
Rating: 329
(456 
-
127 
)
-
127 )
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Those with the largestSee all
increase in followers
in the last week
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
I am curious. You mention that after 5 out of the last 6 days were down the market is extremely oversold, however, in the last six months there were countless times the market was up 5 out of 6 days. Was the market then overbought? History says no. Movements can continue like this (and like the during the move up) for quite sometime.
Oct 28 18:08 pm
|Rating:
+2
0
All Comments by Carl Spackler »ETF Market Trends: Bears Emerge from Hibernation in Oversold Market [View article]
Right now, we just find ourselves on the support levels of 1035-1040. If we break this, we could see another 5 out of 6 days down. If we hold, we could see more up days. Markets tend to sit on critical levels and wait for news to move them one way or another. If we see bad news over the next few days, you will know that aa new trend has emerged.
What is very apparent is your bullish bias. If a few bad days means a market is oversold, what does 6 months and 60% up mean - overbought? How can we be both?