Archive for April 10th, 2012

Stock Market Overbought Correction Develops as Expected

| April 10, 2012

The S&P 500 index closed sharply lower again today, confirming the break below support at the lower boundary of the uptrend from October 2011. For several weeks, we noted that the rally from October was extremely overbought and that the resulting retracement would almost certainly be violent in character. The correction has developed as expected […]

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Short-term Forecast for April 10, 2012

| April 10, 2012

Stock Market Overbought Correction Develops as Expected The S&P 500 index closed sharply lower again today, confirming the break below support at the lower boundary of the uptrend from October 2011. For several weeks, we noted that the rally from October was extremely overbought and that the resulting retracement would almost certainly be violent in […]

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