Monday, November 4, 2013

Abnormal Oversold TICKQ Data

Friday showed (on a ma basis) some of the most oversold nasdaq tick readings I have ever seen. It is no surprise that we are seeing a pause in any downward movement in the stock market. However, if we do not see a big rally in the markets by Wednesday then the message will be a very negative one. This will be one indicator to watch closely over the next 48 hrs.

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