August 4, 2009 Forecast update from Harry S. Dent Jr of HS Dent Investments.
The S&P 500 just hit its sentiment highs of October 2007 at 89% and could go as high as 92-94%, and the NYSE 21-day oscillator has hit a level of 300 on the overbought side. This is signaling that we are getting very close to at least a short term high. This makes buying here more risky and raises the odds we could see a top currently or in days rather than as late as early September.
Get the full forecast update and monthly economic forecasts at HS Dent Investments…
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