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Likely more downside


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#1 dcengr

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Posted 22 January 2010 - 07:08 PM

RSI 5 study on NDX going back to 1999 suggests a potential for a fairly strong bounce. Average win % = 3%.

Also look at RSI 5 study on VIX. One of the fastest VIX gains in terms of momentum in a while.

Sentiment is still ripe, but barring some bad news over weekend, potential for dead cat or otherwise is there.

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#2 TechMan

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Posted 22 January 2010 - 07:16 PM

Good job! I concurred, and I've got my QQQQ Call Options all lined up and ready to cash in.