Max90's LINK STORAGE to stock quotes Message Board

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Technology Stocks : Max90's LINK STORAGE to stock quotes

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To: Crimson Ghost who wrote (3605)	11/12/2008 6:37:43 PM
From: LTK007	Read Replies (2) of 3906

The McOs you use is getting stretched now but in an UGLY way. stockcharts.com Look it over and you will see the NYSE Summation line has AGAIN curled down--that the ugly part. Now that reading of -38 would be approaching ordinary oversold level of -75, but look at how utterly annihilated that -75 line was last time, it hit -125, so we don't know our parameters right now, matters are askew, as they say. The 5/10 line is at -187(ordinarily approaching -200 max oversold level) BUT it last time actually went BEYOND the limits of the chart, into -400 territory! We have nothing yet i feel allowing me to say we buying now is dangerous. My nibble on UYG was at 7.93. It has since SHATTERED its previous bottom of 7, closed today 6.55. Futures now have have SPX at TRIPLE bottom levels, that bad. i will do NO more nibbling. Why? i have never seen anything like this, and their are market pro's that are now SEARCHING thru market history to find parallels. For me to say, well it is only PANIC, i am courageous, i will JUMP IN only to see me go down in the PANIC the Flood of the Panic of others. Max

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