of course its oversold short term. i am just observing the level of bullish complacency here right now.
i am flat at the moment however and was looking to go long, being a LT bull. just watching for now.
amazing complacency here
Started by
Tor
, Jul 30 2007 07:29 AM
2 replies to this topic
#1
Tor
-
- Traders-Talk User
- 7,647 posts
Member
Posted 30 July 2007 - 07:29 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Venatici
-
- Traders-Talk User
- 404 posts
Member
Posted 30 July 2007 - 07:42 AM
of course its oversold short term. i am just observing the level of bullish complacency here right now.
i am flat at the moment however and was looking to go long, being a LT bull. just watching for now.
Hi,
The oversold factor is stated repeatedly. But correct me if I am wrong, I see RSI 14 for DJI at 36.8 and 31.8 for SPX. True it is a low value, still there is space for another dive before it is actually oversold. Am I correct?
Still I do not agree we are in crash mode.
Good trading
P.S. FTSE as a RSI 27.8
Edited by Venatici, 30 July 2007 - 07:44 AM.
#3
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 30 July 2007 - 08:14 AM
Crash mode? hardly.
