Sorry, I'm talking 9,000 for the TSX.
But pick an indicator for the S&P500 or the TSX, and there isn't a lot that isn't reading overbought. Stochastics, MACD, resistance points being approached, MFI, RSI, just the sheer volume of equities that are trading over they're moving averages, they're all saying the same thing. Granted, these indicators should never be taken in isolation, but when it's such an overwhelming message...
To be honest, though, I'm more of a currency guy, and not nearly as familiar with the ebb and flow of the equities market. I think there's enough between the two markets that's transferrable, though
|