In the news, Monday, November 15, 2010: A favorable condition has developed with Sprint Nextel Corporation, ticker symbol S. Also, there are breaking events concerning Abbott Laboratories (ABT) and Cree, Inc. (CREE)
Threat Level Elevated. Last week's Code Orange bear alert remains active. Some important Indicators are still negative. Bears have not yet been sighted, but they are out there. Based on purely technical factors we estimate about 75 percent of the blue chips to be overvalued. This is not much different from last month. Six months ago, we thought 58 percent of these issues were overvalued.
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