Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: j g cordes who wrote (34708)	10/10/2001 2:33:07 PM
From: mattie	Read Replies (2) of 68734

Yes - I too wonder if this rally has legs. SPX looks way overbought. I though we needed a retest, but todays rally may have negated that for now. I took profits on many trades yesterday. Most look overbought short term (including EXTR) but I bet there are still many shorts that are sweating and may need to cover. One I was buying today is CELG. It looks ready for a breakout.

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