AI
| Followers | 71 |
| Posts | 12229 |
| Boards Moderated | 1 |
| Alias Born | 04/01/2000 |
Sunday, March 14, 2010 12:31:43 PM
The new highs and new lows on the Nasdaq show that we are overbought but in a very healthy position in this market for now. The chart also shows that the overall Nasdaq has also outperformed the SOX for years. Proving that while semiconductors may be in everything they are not in everyone's portfolio!
Think about buying when indicators reach green horizontal lines and positive divergences are present. Think about selling when indicators reach red horizontal lines and negative divergences are present.
Bottom line is that we are due for something of a pullback perhaps but are not yet in any real danger in the overall market forming a long term top in my humble opinion.
RtS
Think about buying when indicators reach green horizontal lines and positive divergences are present. Think about selling when indicators reach red horizontal lines and negative divergences are present.
Bottom line is that we are due for something of a pullback perhaps but are not yet in any real danger in the overall market forming a long term top in my humble opinion.
RtS
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
