Word: overbought
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Dates: during 1960-1969
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Double Turn. The Administration started its campaign because the market had been falling sharply for a month, retreating from what many Wall Streeters had considered an overbought condition. At last week's start, the Dow-Jones industrial average plunged another 13 points. When the talk from Washington grew loud and clear, however, the market turned around, in the next three days regained more than 14 points...