Tuesday, January 29, 2013

29 Jan 2013

Quite impressively overbought in all time frames.  It's amazing that buyers keep piling in.  Good luck.  The Dow is at the top of its upper channel (not drawn on chart) as well.

What will FOMC bring tomorrow?

1 comment:

  1. Scott,

    Thanks again for warning us about OVERBOUGHT conditions. Wonder what event will occur that triggers the eventual profit taking?