Crazy market, indexes doing nothing, and we're very oversold. I bet we'll get very overbought without the indexes too Overall I think we're stuck in the directionless chop. Remember 2000 top ? took several month for it to resolve.
Here. Many many charts. All say one thing.. Internals are oversold, but this drop still may be far from over. And the oversold condition may be only temporary. Does it mean anything ? Not really. We can bounce for a couple days and get even more oversold. Or we can keep selling, or rally from here.. who knows. I'm sticking with individual stock and sector trades. The only index I really trade lately is RUT, and its not hard to trade, it usually goes in the direction of internals, since its not affected by 3-4 mega caps, but has a very broad base. Negative a/d... sell RUT, positive A/D... buy RUT, works like a charm.
On to the charts.... my comp is acting wierd, I'll add more charts in a bit.
Doversol
Started by
ogm
, Jul 25 2007 06:19 PM
3 replies to this topic
#1
Posted 25 July 2007 - 06:19 PM
#2
Posted 25 July 2007 - 06:24 PM
Good oversold. Tech ready to catchup.
You are on your own. This is for demonstration only.
JV
JV
#3
Posted 25 July 2007 - 08:34 PM
After looking at those chars how in gawd's name can you be bearish. Well if we are correct the rocket ride will commence immediately.
#4
Posted 25 July 2007 - 09:02 PM
After looking at those chars how in gawd's name can you be bearish. Well if we are correct the rocket ride will commence immediately.
Hmm... not so fast.... there are other charts too...
I just posted one on UFO's thread.
http://www.traders-t...mp;#entry301941
this one ...
Edited by ogm, 25 July 2007 - 09:05 PM.