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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (34708)10/10/2001 2:33:07 PM
From: mattie  Read Replies (2) | Respond to of 68672
 
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.