| These are rallies based on long-term fundamentals - follow the news and watch the chart patterns for value zones. Several markets have caught my eye recently because of spectacular price moves. And while they may be overbought at this time, the fundamental reasons for these rallies may have lasting effects that could carry over for several more months and maybe even into next year.
In other words, I believe the fundamental foundation has been laid in these markets for longer-term bull market rallies. However, over the short-run these markets may be a bit too pricey. I believe that these markets will maintain their upside bias over the next 3 to 6 months and that all investors have to do is wait for prices to retrace into value areas............................................Full Article: Source
|