This story was originally published on RealMoney on June 29 at 8:23 a.m. EDT.Boy, how quickly everyone moved from morose to giddy. But that's what one up day in the market -- and one down day in oil -- will do to folks. Yet, while I'm not trying to be a wet blanket, I am trying to be realistic. And a "realistic" view would say that the oversold condition will not go away immediately, especially as yesterday's move up came on some fairly unimpressive volume. The Nasdaq 100 Trust ( QQQQ) chart below doesn't exactly paint a buy-me-now picture. Of course, maybe this is really the start of something big, and just like the fakeout the bulls received just a few short days ago, the bears could be in for the same sort of "treat." Still, until I see some new highs, or at least some broken downtrend lines, I have to remain skeptical.
Today, the Dow Jones Industrial Average, Sirius Satellite Radio ( SIRI), Cerner ( CERN), Asta Funding ( ASFI), TiVo ( TIVO) and Kopin ( KOPN).
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