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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: stan s. who wrote (52308)7/11/1999 12:38:00 AM
From: ok1day  Read Replies (2) of 90042
 
Hi stan...Hope you had a good business trip. Have not seen you post here, so you must have been very busy.

I am looking at the chart on TFSM. It looks overbought and is due for a correction. The price went out of the bollinger bands. The stochastics and RSI look also overbought.
As far as the candlestick chart, I am not quite sure. Can not get an indication of reversal that I do on the other indicators.

I see what I think is a short day on 7/8 then the gap and can not find the next symbol 7/9 in my tutorial. It looks like inverted hammer, but occurs at the bottom of a downtrend...clearly not here.

Your opinion is greatly appreciated.
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