Posts Tagged ‘market indicator’

Stocks: Oversold Rally Will Soon be Tested

Thursday, March 12, 2009 16:06 2 Comments

The Dow Jones Industrial Average rose almost 240 points (3.5%) today. As mentioned in a previous post, large daily percentage gains are more consistent with bear markets than bulls. Todays rally was led by banks and REIT’s,  two of the most beaten up and oversold sectors – also consistent with a bear market correction.
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