Yesterday’s technical talk got picked up by Dow Jones Market Talk right at the Bell:

07/22  4:00P (DJ) DJ MARKET TALK:
Equity Markets Could Be Ripe For A Bounce
Story 10889

4:00 (Dow Jones) The recent stock selloff is the sort of tiring action that eliminates weak hands, exhausts sellers, and throws off enough confusing signals that both bulls and bears end up frustrated, says Maxim Group strategist Barry Ritholtz. But, it also creates a deeply oversold condition making a bounce relatively easy. He sees the markets bouncing back for the third time this year, with the Nasdaq able to recover to 2040 and S&P 500 to 1140. He sees a low-risk entry point here and says investors won’t need much to go right, as long as nothing major goes wrong. (NPB)

Category: Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Equity Markets Could Be Ripe For A Bounce”

  1. Chris says:

    Barry, with the Naz going below the “head” on the inverse head-and-shoulders pattern, yesterday and today, doesn’t that invalidate the pattern?

  2. Fred Boness says:

    The Dow Jones Transportation Index was down just .27% Friday. The lightest hit anywhere. So, I’m not worried too much about not seeing a bounce today.

    Next week the Democratic National Convention is in Boston and the Experimental Aircraft Association annual fly-in is in Oshkosh, Wisconsin.

    Being of sound mind, etc. I choose to be in Oshkosh were we will remember Astronauts Armstrong, Aldrin, Collins, and the 35th anniversary of Apollo eleven and the first landing on the moon. We will politely ignore that this is also the 35th anniversary of Ted Kennedy’s driving misadventure and the death of Mary Jo Kopeckne.

    The Democrats in Boston will also politely ignore that this is the 35th anniversary of Ted Kennedy’s driving misadventure and the death of Mary Jo Kopeckne. I don’t know what they are doing for fun. The Dems don’t seem to be a fun party anymore.

    With those conventions over (Yeah, like the EAA effects the market!), we will all be either relieved or satisfied and then we will be ready for a bounce.

  3. spencer says:

    I apologize.

    I read the comment so quickly
    that I though you were quoting
    someone else.