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stockcharts.com[W,A]DACLYIMY[DC][PB10!B50!B200!H.02,.20][VC60][IUD20!UB14!LA12,26,9!LP14,3,3!LC20]
I've decided to post this chart, which is from Peter's list, because it represents perfectly the current dilemma I find in many of the tech charts.
There's been a great run-up, especially in the past three days.
CCI is showing way overbought.
RSI is nudging the overbought zone.
The 10 day MA is just crossing the 50 day MA - a bullish indicator.
MACD looks great.
The histogram is positive and rising.
The momentum lines are in an uptrend and just crossing the zero line - a very bullish indicator.
Stochastic is in the overbought zone, either indicating a sell signal, or about to indicate one.
CMF is positive and looking good.
So, is this a buy, hold, or sell signal?
Whothehell knows.
Just like the market we're going into this week.
My guess is that so many investors are waiting for pull-backs on stocks they missed last week, the pull-backs aren't going to amount to much.
Good luck everyone. |
