Friday, June 25, 2010

S and P 500 Not Oversold (Chart)

The chart below is of the S&P 500. From this view the market is not oversold.
The blue area on the chart is +2 and -2 standard deviation above and below the line.
As you can see, beginning in February the market formed a beautiful uptrend. The rally was very orderly as the market never became overbought.
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Original content Bob DeMarco, All American Investor

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