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positiontrader

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positiontrader

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Re: was Steve post# 5394

Thursday, 01/08/2004 2:49:03 PM

Thursday, January 08, 2004 2:49:03 PM

Post# of 37180
Steve,

I have never seen it so overbought for so long on the hourly stochs as now.(I don't have the hourly charts from oct 98 )
If we have a strong close it will be 4 days at or above the upper band on the dailies. I will make another exception to may no shorting rule in an uptrend and short 45% for tomorrow.I think we will roll out of overbought.If we dump I will stay in cash.

Regards

Marc

Take calculated risks

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