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Re: KastelCo post# 18871

Tuesday, 05/05/2009 3:16:02 PM

Tuesday, May 05, 2009 3:16:02 PM

Post# of 19037
I guess it depends on which one...

I just took profit on the crude etf, after I said I wouldn't but here I am full of cash (among other things), probably not much more than a week later; I was up 20% - reason? - the $C/markets are short term "overbought" a breather is in order.

Btw, take a look at the hourly on the HQU.TO index fund - it's like the Naz is going to turn back up here before the close....but it too is ST overbought, OTOH it's trending very strongly and could keep an oscillator like a CCI overbought for a long time - note that the RSI is finally showing some strength since bottoming out at the end of last October.


FP........................................................

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