Quote:
Originally Posted by V
All the technicals I follow are showing overbought. I'm expecting a regression back to the mean at least, and that would be a drop to the 9,000 range, which is pretty close to a solid retracement level.
I don't read the fundamentals like you, it's true, but the technicals say pull back. Mind you, they've been saying pullback for a couple weeks now, and after yesterday I figured Ruby Tuesday would rear her ugly head and we'd be looking at a good hit today. Who knows, we'll see where it goes.
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Which technicals are you referring too?
By 9000, are you talking the TSX or DOW or something else?
I've liquidated a bit just in case I wanna buy later, so I'm always nosy for possible info.