A diary of the thought process behind my investment decisions
Deep In No Mans Land
After today we are further away from getting a good overbought reading to act on. Pinpointing when we will be overbought is tough because we chopped along the bottom for a few days before we took off. Today's consolidation likely means it will take until early next week to get a decent reading. We are also not close to being oversold. If traders were expecting clarity after Labor Day there was none offered today. Have a good night.