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IT still looks bullish


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#1 dcengr

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Posted 03 March 2010 - 04:04 PM

AD cum still strong. MCO still making new highs. But MCO in overbought territory, and RSI2 > 90 3 days in a row. ST sentiment seems overtly bullish, IT sentiment appears still bearish.
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#2 porsche911sg

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Posted 03 March 2010 - 05:00 PM

AD cum still strong. MCO still making new highs.

But MCO in overbought territory, and RSI2 > 90 3 days in a row.

ST sentiment seems overtly bullish, IT sentiment appears still bearish.

Wonder if you did the same AD, MCO on ASIA indicies

They seems to have turn bearish in this entire rally up.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#3 Islander

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Posted 03 March 2010 - 05:58 PM

RSI2 over 90 is overbought. Down is more probable. Islander