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Oversold Extrema

Started by pkamm, 03/07/2009 08:06PM
Posted 03/07/2009 08:06PM Opening Post
Here is a logarithmic trend-sheared chart of the S&P500 for the bear market of the last 19 months. Overall bear trend line is in yellow, overbought/oversold deviation limits appear to be roughly at the upper and lower red lines. Oversold extrema are circled red, overbought circled violet. The bearish trend appears to be reaching another oversold extremis.

Attached Image:

pkamm's attachment for post 45978