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Re: royg1927 post# 2762

Tuesday, 09/09/2008 8:33:16 PM

Tuesday, September 09, 2008 8:33:16 PM

Post# of 7916
oversold SMH bouncing nicely after hours on the update from TXN.

looks like I missed the cheap shares, ie the lowest price I would have ever paid for SMH longs, ie under 26.00

should cause a bounce for the QQQQ as well tomorrow.

Paul makes a valid point about how oversold the QQQQ is.

Whether or not the apparant bounce showing after hours amounts to more than that remains to be seen, ie rsi and macd must improve.

Internet at work had been down for 2 straight days till this afternoon. Nice to see so many familar names here.

Given that AAPL closed at rsi 30 on the daily, Dave may just get a bounce on his new AAPL shares.

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