Market View
There is no change in my market view - bullish but overbought. The pull back today is long overdue serves to correct the overbought situation. After shedding 26 points, the index is still overbought. I won't be surprise there maybe more downside ahead. On the mechanical chart, the index has returned to the bullish zone. So buy on dip !
Labels: Market Direction
posted by Market Wizards @ April 11, 2011
Comments: 0
