- Next Friday is options expiration and expiration has tended to delay corrections. It would not be that surprising to see a correction delayed until after expiration.
- Momentum has tended to carry over to Monday's only to see a turnaround on Tuesday. Even though the market will not be maximum overbought until the end of the day tomorrow I would not be surprised to see a move lower tomorrow.
- In an unbalanced global economy negative surprises can occur at any time. Overbought markets and negative surprises do not mix well. Most likely nothing will happen but it is something to consider.
More Thoughts On A Correction
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1 comment:
Mammary Monday
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