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chainik

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chainik

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Re: Justa Werkenstiff post# 69265

Wednesday, 01/11/2006 11:45:31 AM

Wednesday, January 11, 2006 11:45:31 AM

Post# of 148479
<overbought sells on most every average on the daily chart for the short term>


Overbought, QQQQ is above 43 (392 K calls), EPC 0.5, ISEE 2.66, positive seasonality is over, expiration is coming. Short SMH.

IMO, the trend is still up, and it's too early to short and hold. Don't see much to suggest the major trend change.
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