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Namiar

01/24/05 3:27 PM

#25747 RE: was Steve #25746

In running RAIM, my OB-OS indicator still is not getting triggered. That U-D volume line, at 1-3, just will not crack. Unusual that given the magnitude of this plunge we haven't had even one 20-80 day.

So either one of two things. Pretty soon we will have the big internals down day. Or the entire selloff is a smokescreen. DaBoyz buying as the get little guys to bail.

But I am going to remove the RUT short hedge and bump up NDX long to 30%, as I think this selloff is really beginning to press its luck.
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positiontrader

01/24/05 3:30 PM

#25748 RE: was Steve #25746

No signal. Staying long
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otraque

01/24/05 3:34 PM

#25749 RE: was Steve #25746

1486 is a major support line. Shorterm we are maxed out oversold, but then we have been for awhile.
A TA bounce must appear soon, no?