Has Sentiment Shifted?
Has Sentiment Shifted? Stocks quotes in this article: AAPL Just one month ago, I started talking about the upcoming overbought condition in the market. That's the blue arrow on the chart. Yet, the market did not go down. For about a week, my inbox was filled with comments such as "this market can't go down" or "the overbought reading doesn't matter." You can see the way the market hung up there at the highs, made a new high, even. But in the end, the overbought reading mattered and, yet, did the sentiment really shift? It has and it hasn't. I have noted that first ...