OVERSOLD =BUY OPPORTUNITY 5/7/12

THE sky is falling. Sell, get out.  Sell in May and go away. On and on the news gurus pedal the rumors and panic wheel.  ignore them...  The market does.


From last evening:   

[19:08] <CM> need to test the gap  long es 48
[19:09] <CM> the daily is a possible signal for a rebound w/ a double down a 3rd bar a gap dn

That daily pattern was an exhausted sell off, and longs worked well before and after the US open