Quote:
Originally Posted by leilomo
absolutely painful day in the market today...hopefully it's not the beginning of the "correction" that we've all been hearing about.
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I think it may very well be. I haven't purchased a stock for weeks and have done nothing but sold. It's not that I don't want to buy anything, I can't find anything to buy. When I read charts, the first thing I look at is the stochastics, then I try to confirm with MACD/histogram and candlestick formations. Everyday, I try to find something to buy but charts are telling me most stocks are overbought and have been for a while now.