Replies to post #10777 on Profunds index and sector trading (PRO)

[was Steve]

allrighty then (ggg)

so what do you classify a down day in and uptrend when stos arent overbought?

[nuclearpayload]

Would you not say that the daily is overbought here? Using a standard fast (10,10), I read the value on NDX at 82.72, maybe not quite oversold because the signal line hasn't caught up. But on a slow, the signal line never got all the way down which would support the case that this is really just a countertrend up before going down some more. My tweeked stochastics show even more clearly.

Or do you just want to see it really cooked?

Edit: Correction, I was looking at QQQ daily, not NDX. NDX is at 79.xx Still, standard stochs never got low enough for my taste.