Ooooooversold

Trading on the right side of the trend makes you feel smart and it also covers up a lot of your careless mistakes. For months I have been front running the indicators and getting away with it. It’s amazing that the same lesson has to be learned so many times.

The story today is the length of the Oversold list from the latest Watchlist scan. There’s 40 symbols on the list and not one as of this morning is showing a reversal. It is going to happen, but this time I want to see the proof before getting in front of the Bear.