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These indicators are only accurate about 50% of the time. There have been many instances when the market has been overbought and gone much higher.
Jan 04 13:19 pm
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All Comments by markcpa »Markets Historically Overbought: Dangerous to Enter New Longs Right Now [View article]
Even though technical indicators on the market are nearing overbought levels, many stocks are just coming out of bases pointing to higher prices in the coming weeks.