Cramer- "Markets Works It After Working Off Overbought&
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Cramer- "Markets Works It After Working Off Overbought&
"Markets Works It After Working Off Overbought"
By James J. Cramer
09/16/2003 03:42 PM EDT
"We've been stalled because we've been overbought. I have been calling for a big week in the market because we have been working off that overbought condition day after day after day.
Now it is almost upon us, and you can see the market making its move.
Again, I am a bull to Dow 10,000, I think things are ripe for a run here. But I don't want to be too long post-expiration because mutual fund sell season officially begins at that point.
That's when I would be most worried. It is the reason I am keeping a nice cash reserve in my Action Alerts PLUS account. But I have to admit that it is terrific to watch the market respond to the working off of this overbought condition in a positive fashion.
Higher prices ahead. "
(in www.realmoney.com)
By James J. Cramer
09/16/2003 03:42 PM EDT
"We've been stalled because we've been overbought. I have been calling for a big week in the market because we have been working off that overbought condition day after day after day.
Now it is almost upon us, and you can see the market making its move.
Again, I am a bull to Dow 10,000, I think things are ripe for a run here. But I don't want to be too long post-expiration because mutual fund sell season officially begins at that point.
That's when I would be most worried. It is the reason I am keeping a nice cash reserve in my Action Alerts PLUS account. But I have to admit that it is terrific to watch the market respond to the working off of this overbought condition in a positive fashion.
Higher prices ahead. "
(in www.realmoney.com)
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