Replies to post #227914 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Yep - Summit Analytic says stocks have become 'overbought'
By Tomi Kilgore- 12:05pm 04/07/04
NEW YORK (CBS.MW) -- Richard Williams technical analyst Summit Analytic Partners feels the stock market has become "overbought," as many stocks have showed weak volume and momentum characteristics during the rally over the last several days. "This is not healthy action for the market and suggests that at least a correction is due," Williams said. He added, however, that while there is potential for a large correction, there is not yet a high probability of one.