“The fourth-quarter rally is so long overdue. The oversold conditions are so extreme that we should see a positive trend over the next six to eight weeks.”
“It's not just a recovery. It's an aggressive accumulation that to me is indicative of an underlying primary bull market. I mean, I am surprised by the degree of enthusiasm that is evident in tech stocks.”
“Just from a short-term technology point of view, it suggests that the over-sold lows we saw yesterday might be tested again at some point in the future.”
“I think there is a lot of bullish action taking place under the broad market indices that is not related to technology, but in terms of financial services, industrials, chemicals, utilities -- areas that don't significantly play in terms of weight.”
