A diary of the thought process behind my investment decisions
There are two ways to work off an oversold reading. The first is rallying and the second is going sideways. The market was maximum oversold 8 trading days ago and it is back to trading roughly where it was 8 trading days ago. Time is running out for the market as it is looking like it will waste its oversold reading by going sideways. There are still two days left but if the market does not make a move in the next two days I will step out of the way. Have a good night.