We are in an overbought condition for the third time. The previous two times we reverted to the Tenkan-sen and I don't think this time will be different. The exuberance getting us to over the 1K point seems due for a reversal. This may lope its way downward, as there is still quite a bit of bullish energy in the market. Though when the market realizes that we are in a correction, it may come fast and furious. Now definitely may be the time to sell a portion of your trades or short sell if you're already sold at what might prove to the top.
