Replies to post #17540 on Market Sense and Sentiment (MKTSS)

[RCKS]

Hi Bob

Are you making any bets here on market direction?

I am hoping to add some Puts tomorrow with CSCO helping the market have at least a bullish open.

To me the last couple moves higher have looked like distribution.

With the daily's overbought and stoch's turned down above 80 (spx) and dow, I think we will have somekind of selloff. Nothing to extreme until we are out of the max-pain window.

good trading Bob

steve