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To: advocatedevil who wrote (4783)3/17/2003 1:05:10 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: A lot of the SOX components are getting quite over bought today as is the market in general. The SOX has made it to an RSI of 70 in the rally that started last October and I suppose that is possible again if everything leading up to the outbreak of war goes perfectly as planned.

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

But any little hiccups are more likely to result in a lot more downside than upside in my opinion from here. This rally has come too far too fast. The put to call ratio is too low:

cboe.com

The five day TRIN score is going to be too low soon:

finance.yahoo.com^STI.N&d=c&t=5d&l=on&z=b&q=l

Plus the VIX is actually moving higher!

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

JMHO RtS



To: advocatedevil who wrote (4783)3/17/2003 1:35:35 PM
From: advocatedevil  Read Replies (1) | Respond to of 13403
 
AMAT ST Cover Short 10,000 shares averaged here at $13.10

Since I have know darn idea where this is goin' and because there's always another play, I pieced it all off in series and am bookin' da micro win here for +$500.

AdvocateDevil