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Re: positiontrader post# 10777

Friday, 04/23/2004 12:41:32 PM

Friday, April 23, 2004 12:41:32 PM

Post# of 37180
Would you not say that the daily is overbought here? Using a standard fast (10,10), I read the value on NDX at 82.72, maybe not quite oversold because the signal line hasn't caught up. But on a slow, the signal line never got all the way down which would support the case that this is really just a countertrend up before going down some more. My tweeked stochastics show even more clearly.

Or do you just want to see it really cooked?

Edit: Correction, I was looking at QQQ daily, not NDX. NDX is at 79.xx Still, standard stochs never got low enough for my taste.

There ain''t no such thing as a free lunch-Robert Heinlein

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