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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (365)	5/23/2005 10:12:14 PM
From: Kevin	Read Replies (2) \| Respond to of 4814

Thanks for the post. I think I must be somewhat confused...are you saying that you have never seen a stock continue to push RSIs of 90+ for days (and possibly several weeks) at a time, where they're driven by market hysteria and news associated with the given company? I understand that there is typically a cyclical move in technical indicators from overbought to oversold conditions, however I was trying to point out that there is an exception to the rule at times (where a security can stay in the extremely overbought state for a substantial length of time and cause a substantial loss in a short position). <<<btw...I am not trying to dispute your expertise in techncial analysis...you seem quite sharp with your reads. I'm just trying to pcik your brain and clarify your previous post to me.>>> -Kevin