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Intel Corporation Message Board

  • hairybutt00 hairybutt00 Mar 19, 2010 9:30 AM Flag

    MARKET ANALYSIS

     

    There is no doubt that the bulls have the momentum. All technical oscillators on the daily charts of the major indexes point to an extreme overbought condition but they are not there on the weekly charts, yet. This suggests that stocks are overdue for a short term pullback but have more room to run on an intermediate term basis. With the quadruple witching and healthcare bill votes pending this weekend, I would probably take some profits off the table tomorrow. Looking back six months, each time the S&P 500 went in the opposite direction post-expiration from the direction heading into the expiration.

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