This Is What Overbought Appears to be like Like | DecisionPoint

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It passed off to me that a few of our number one signs have created a teachable second. In particular, our temporary and intermediate-term signs are each at reasonably excessive overbought ranges, and now is a superb time to speak about what that suggests.

The Swenlin Buying and selling Oscillators for breadth and quantity (STO-B and STO-V) are close to the highest in their commonplace vary, and that generally coincides with temporary value tops. The IT Breadth and Quantity Momentum Oscillators (ITBM and ITVM) also are close to the highest in their commonplace levels, and that generally coincides with intermediate-term value tops. With signs from each time frames at overbought ranges, there’s robust technical drive for costs to make a noticeable decline.

Conclusion: This situation happens about each two to a few months (see the crimson, downward pointing arrows for earlier occasions), and it’s reasonably dependable as a most sensible caution. Whilst all 4 signs are nonetheless emerging, they’re moderately prolonged, so I’d be expecting a worth most sensible quickly, almost certainly this week. No longer assured, simply most likely.



Technical Research is a windsock, no longer a crystal ball. –Carl Swenlin


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Swenlin Buying and selling Oscillators (STO-B and STO-V)

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Carl Swenlin

In regards to the writer:
is a veteran technical analyst who has been actively engaged in marketplace research since 1981. A pioneer within the advent of on-line technical sources, he used to be president and founding father of DecisionPoint.com, one of the most premier marketplace timing and technical research web sites on the net. DecisionPoint focuses on inventory marketplace signs and charting. Since DecisionPoint merged with StockCharts.com in 2013, Carl has served a consulting technical analyst and weblog contributor.
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