Overbought Quotes

You've got an extension of the end of December gains, and I think we can build on that for the short term... The one caveat is that we're getting overbought and there could be a little profit taking or some flat trading later in the month. - John Hughes

With the Micron earnings quite a disappointment and the Delta outlook, technically we were very overbought on a short-term basis. - Edward Collins

While we fully expected the stocks to rebound well before their fundamentals, we believe the scenario has now reversed to a potential overbought scenario. - Rich Repetto

We've had a huge run-up, and people want to take some profits right now. More than the currency worries or specific stocks with bad news, you've got good old-fashioned profit taking with people feeling that the market is overbought. - Bill Roe

We've had a good week, but on a short-term basis, we're overbought and we're waiting on a lot of big earnings, and that's what the market is struggling against. - John Hughes

We're overbought, especially after yesterday, and there's talk that tomorrow's payroll number may disappoint... Yet stocks are hanging in. - John Hughes

We're a little overbought and people are probably taking profits... A lot of the advance that we had was confirmation of the good news that we've gotten, and people are waiting for additional good news on that front. - Romeo Dator

We may have gotten overbought a little. We are probably going to see a pullback in the next few days. - Larry Wachtel

We got a little bit overextended, a little bit overbought. A lot of buying came into the market in this last rally. We're due to get a little bit of pullback. ...The individual investor is still not convinced he should be in the market, and he's not. I think we're going to be range-bound for a while here. - Brian Finnerty

We don't think they will intervene -- there are various policy responses possible and there could be interest rate cuts. All our short-term indicators show that euro/dollar is overbought. - Kamal Sharma