Market is Working Off Overbought Condition via Time not Price
April 05, 2011 at 11:44 AM EDT
Much as we’ve seen since August 2010 (excluding the 2 quick and dirty selloff of three weeks each in November 10 and March 11), there is no pulling back in this market. Big moves up can be consolidated by price (a pullback) or time (sideways action). The latter has been the case consistently since QE2 [...]