The market has rolled over some and it didn’t take long to work off overbought. At this rate the market should be oversold early next week and should bounce.
Charts courtesy of Stockcharts.com
I really did not look at the market last night. I found some college courses from Stanford University on iTunes which have distracted me. Lots of great info for free here. You can learn Quantum Physics, Origins of the Universe, Computer Programming, Finance, or many other topics. Awesome stuff for free.
I see that 20 DMA making lower peaks each time $compq made a higher one .. Now let’s see if 3rd was the charm for bears.
Andy, Check out this post election chart. I never gave much weight to these type of things but this year has somewhat tracked it so far.
http://seasonalcharts.com/zyklen_wahl_dowjones_postelection.html
Ray – Nice chart. Looks like we are a month or so off but it follows this year. The magnitude is always the variable on these aggregate charts.