I sincerely agree that the market is oversold... I looked at the weekly RSI. Stochastics look good and the VIX is at it's highest peak. All contrarian indicators were saying buy!. So I bought about 7 various equities between yesterday and today. .... Well.. Actually, I shook my plastic 'Magic 8 Ball' and it said 'Go for it!' ... Which seemed to be just as effective as any technicals right now...
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I sincerely agree that the market is oversold... I looked at the weekly RSI. Stochastics look good and the VIX is at it's highest peak. All contrarian indicators were saying buy!. So I bought about 7 various equities between yesterday and today. .... Well.. Actually, I shook my plastic 'Magic 8 Ball' and it said 'Go for it!' ... Which seemed to be just as effective as any technicals right now...
Oct 16 15:12 pm
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All Comments by Urbane Gorilla! »The Financial Storm: Is it Over? [View article]
jegan ;-)