Katie Townshend Quotations

We may have another couple of days, or a week left of this counter trend move, but it's within the framework of an intermediate trend downward.

It appears that we've initiated a pullback phase or a correction phase. A lot of people are talking about the dollar, but people were talking about it last week as well,

Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market.

We're a lot of positive short- and long-term momentum that began on Monday when oil broke through a key technical level, ... The EIA report helped draw attention to this.

We've had a nice run off of late-April's lows and the market is digesting these gains. We'll probably start moving to the downside next week.

The most recent push to new highs was with far less momentum than what we saw earlier in the advance.

I'm looking for more of a pullback after today. I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday.

I'm looking for more of a pullback after today,

I do think that this oversold bounce doesn't have much to it; we're reaching overbought levels fairly quickly in a lot of the major indices,