5 replies to this topic

[LeroyB3]

Here is the update for the Overbought/Oversold indicator for the OEX:


(Click to Enlarge)

It doesn't look like we are done going down yet. The Overbought level will get pretty close to 0 (if not at 0) before we are done. The Oversold level will also come up some more...at least to around 15-20.

Best,

LB

[Shazzam]

Here is the update for the Overbought/Oversold indicator for the OEX:


(Click to Enlarge)

It doesn't look like we are done going down yet. The Overbought level will get pretty close to 0 (if not at 0) before we are done. The Oversold level will also come up some more...at least to around 15-20.

Best,

LB

leroy, does this work on other indices as well. I'm particularly interested in energy indices here as they look alike a tremendous short setup

[LeroyB3]

Of course...what index in particular are you wanting to look at? Best, LB

[Shazzam]

Of course...what index in particular are you wanting to look at?

Best,

LB

oih or even crude oil

[LeroyB3]

Look for it later tonight. LB

[LeroyB3]

Here is the indicator for the OIH as of the close of yesterday:


(Click to Enlarge)

It seems that the OIH is heading up while the underlying securities are heading lower...a divergence that isn't good. But, you still need a trigger on which to take the trade.

Best,

LB