Tuesday, May 25, 2004

The STEM.MR model, at 16%, is now the most overbought since October 3rd, 2003.  This signals to me that we're at a make-or-break point here.  If we can hang around here, and especially if we can  bust through resistance in the face of these readings, it bodes extremely well for the intermediate-term, suggesting a good low may finally be in place.  If we cannot, and instead just roll over as we have for the past week, it keeps us in limbo. 2:32:58 PM