Dr. Duru

January Gains Delivered

Very true. My next piece actually tried to do some analysis around your point.
Again, my expectation right now is that the market goes nowhere for the week and that perhaps most of the gains for January were delivered on Friday. That is more of an endorsement to do nothing than to buy or sell.

On Jan 04 10:57 AM Alphameister wrote:

> 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?