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.