Clearing the Gloom

The bulls have now done the minimum. The market is no longer deeply oversold and some of the negative sentiment has likely been cleared. However, we are nowhere near overbought and sentiment is still quite negative. I would expect the market to first dispose of all the new found doom and gloomers, even if it will eventually head lower. Have a great weekend.

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1 comment:

GK aka Dad said...

I m reading you from Hungary and think you are grt. Though I can t afford to buy many things ( my wife,daughters, grandkid......), when ever I do make purchase, I go thru your Amazon link.

Thanks for your comments and great insites.

A Magyar