Monday, July 27, 2009

Are We Overbought Or What?

I do not ever recall seeing the major indexes at these levels:

S&P500 = http://investertech.com/tkchart/tkchart.asp?stkname=$SPX0X&wt=0&tp=0
RSI = 86.5

DOW IND = http://investertech.com/tkchart/tkchart.asp?stkname=$DJX0X&wt=0&tp=0
RSI = 84.3

NASDAQ = http://investertech.com/tkchart/tkchart.asp?stkname=$COMPX&wt=0&tp=0
RSI = 83.4

All charts need a break at this point! Again, watch out!

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