The Dow’s Dip Leaves Room for a Pullback
- August 19, 2013
- Larry Connors
The market had its 1-2 day sell-off we were looking for late last week and it’s now oversold.
After the Dow put in its worst week of the year combined with bond prices plunging, I would have expected to see more extreme oversold conditions coming into today. But the average ConnorsRSI reading on all the liquid Country fund ETFs is at 33 this morning signifying the market has room to pullback further.
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