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SmarTrader

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SmarTrader

Re: A deleted message

Wednesday, 10/09/2013 8:46:14 AM

Wednesday, October 09, 2013 8:46:14 AM

Post# of 17242
In my opinion, no it won't. The 60 minute chart is at like 15 RSI, beyond oversold, the 30 minute chart is as well, hourly oversold too with a RSI at 24, all oversold beyond the 30 mark. This could have been pushed down further at EOD when it was weak yesterday, but buying soaked it up. Shorts are getting very greedy. I think we're due for atleast one green day today to .61-.63 maybe. From there, could continue down or bolt back up. Then again, NEWS can come out and cause a squueze too.

All in my opinion

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