Replies to post #5394 on Profunds index and sector trading (PRO)

[was Steve]

3 pm happy hour coming up. will the streak continue to well past 10 days of up from the 3 pm reading in ndx? a change would be nice for my mean shorts

[positiontrader]

Steve,

I have never seen it so overbought for so long on the hourly stochs as now.(I don't have the hourly charts from oct 98 )
If we have a strong close it will be 4 days at or above the upper band on the dailies. I will make another exception to may no shorting rule in an uptrend and short 45% for tomorrow.I think we will roll out of overbought.If we dump I will stay in cash.

Regards

Marc