Overbought Bull Could Slip From Highs (Forbes.com)

Forbes.com · 10-09-2006, 01:50 PM

Forbes Investing Ideas

Market Outlook
Overbought Bull Could Slip From Highs
Chris Johnson, Option Advisor 10.09.06, 12:00 PM ET

Cincinnati, OH -

Patient investors were rewarded last week, as the market surged into October and pushed the major indices above their recent trading range tops. The Dow Jones industrial average (DJIA) was propelled to a new all-time high, providing a lift to equities.

It turns out that the watched pot was indeed less likely to boil, as the Dow seemed to hold off on breaking into record territory until the market buzz surrounding the expected event died down a bit. But the record eventually gave way thanks to a continuous stream of mixed economic data that all fell within the criteria of the "Goldilocks" economy that has been deemed necessary to continue the market's uptrend.

complete article here...

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10-09-2006, 01:50 PM	#1
Forbes.com RSS feed Join Date: Oct 2006 Posts: 1,619	Overbought Bull Could Slip From Highs (Forbes.com) Forbes Investing Ideas Market Outlook Overbought Bull Could Slip From Highs Chris Johnson, Option Advisor 10.09.06, 12:00 PM ET Cincinnati, OH - Patient investors were rewarded last week, as the market surged into October and pushed the major indices above their recent trading range tops. The Dow Jones industrial average (DJIA) was propelled to a new all-time high, providing a lift to equities. It turns out that the watched pot was indeed less likely to boil, as the Dow seemed to hold off on breaking into record territory until the market buzz surrounding the expected event died down a bit. But the record eventually gave way thanks to a continuous stream of mixed economic data that all fell within the criteria of the "Goldilocks" economy that has been deemed necessary to continue the market's uptrend. complete article here... The Prudent Speculator -- Ranked #1 by Hulbert...Click Here! __________________ Instant analysis of any stock symbol. (absolutely free) Check your inbox immediately for results Last edited by Thierry Martin; 10-09-2006 at 02:03 PM.