Dude, Where’s My Rally?

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Dude, Where’s My Rally?

By John Lee on October 9, 2008 | More Posts By John Lee | Author's Website

This market is so oversold that many technical, sentiment, and breadth indicators are way off the charts. A rally is overdue and should come. It will be quick and it may catch you off guard. I actually expect a V-shaped spiked rally to occur close to the half way point from the start of the decline to when we hit “official” capitulation. I won’t be surprised when we head back down. Anyone else have any ideas?

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