Why the Stock Market May Be Oversold

have been “pounded” with questions about the Dow Theory “sell signal” I've spoken of, and that occurred three weeks ago. The ubiquitous question has been: “Hey Jeff, how can you tell people to buy in light of the signal?” My response has been that such a huge amount of energy had been used up in rendering the Dow Theory “sell signal” that the market, at least on a short-term trading basis, is likely a “buy.”