Comments on: Stocks Bounce Off Short Term Oversold http://www.tradersnarrative.com/stocks-bounce-off-short-term-oversold-3162.html Freshly squeezed market commentary & analysis Mon, 15 Mar 2010 10:50:53 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/stocks-bounce-off-short-term-oversold-3162.html#comment-56688 Thu, 05 Nov 2009 06:55:24 +0000 http://www.tradersnarrative.com/stocks-bounce-off-short-term-oversold-3162.html#comment-56688 dacian, I don't think we have an all clear yet. Perhaps I wasn't clear but I think short term (days to weeks) there's a bit of weakness. Not a crash but an orderly unwinding. dacian, I don’t think we have an all clear yet. Perhaps I wasn’t clear but I think short term (days to weeks) there’s a bit of weakness. Not a crash but an orderly unwinding.

]]> by: dacian http://www.tradersnarrative.com/stocks-bounce-off-short-term-oversold-3162.html#comment-56375 Fri, 30 Oct 2009 11:22:03 +0000 http://www.tradersnarrative.com/stocks-bounce-off-short-term-oversold-3162.html#comment-56375 I'm a bit confused... "While I think the S&P 500 has more room to the downside..." "If on the other hand, the S&P 500 can rally immediately off such a short term extreme, then we know that the uptrend is intact." It did, so the short term uptrend is intact. "An important part of this is the medium term outlook. The percent of S&P 500 stocks above their 50 day moving average has managed to put in higher lows each time" It did this as well, so the medium term trend up in intact as well. So where do you see weakness ahead? Short-term and medium-term invalidated. thanks I’m a bit confused…

“While I think the S&P 500 has more room to the downside…”

“If on the other hand, the S&P 500 can rally immediately off such a short term extreme, then we know that the uptrend is intact.”

It did, so the short term uptrend is intact.

“An important part of this is the medium term outlook. The percent of S&P 500 stocks above their 50 day moving average has managed to put in higher lows each time”

It did this as well, so the medium term trend up in intact as well.

So where do you see weakness ahead? Short-term and medium-term invalidated. thanks

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