Percentage of Stocks Above 20-Day Moving Average at an Extreme

By on March 30, 2009

Babak, in an article at Seeking Alpha, highlights one indicator that shows the market is the most overbought in 3 years. What isn’t clear is if this is just a bear market rally, or something more lasting.

Click on chart for larger image:

Source:

http://seekingalpha.com/article/128036-bear-market-rally-or-something-more

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