The most oversold market I'm aware of is potentially making an intermediate trend change. After initial wave up is complete, there will likely be fairly sizable wave 2 pullback. I have fairly important timing for a trend change in dollar market around 1/19/2010 (+/- 2 trading days). I'm assuming at this point it may be timing for a higher wave 2 low, but I'll wait till we get there to see which way the market is trending.
Analysis and comments are on the chart.
Kim
