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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (60691)5/11/2006 8:51:33 AM
From: orkrious  Respond to of 110194
 
Finally!

Besides getting squeezed over the last year in CHS, URBN gave me hell. I shorted some at 20.85 in Jan 05. I shorted more in August at 29.05. The POS ran up to 33 last fall. It's been all downhill since. Currently trading under 21 after a lukewarm report.



To: orkrious who wrote (60691)5/11/2006 9:53:40 AM
From: LLCF  Read Replies (1) | Respond to of 110194
 
Oh yea, sorry about the links... they were just an update of RSI's for dollar and gold... oversold dollar:

stockcharts.com

and overbought gold:

stockcharts.com

Of course we all know how persistantly lot's of bull markets can remain... maybe these charts will look like this before a corrections?

stockcharts.com

Using that chart... well, you get the picture. When a market becomes "discontinous"... ie. the paradigm shifts, you always throw away all tools... until things normalize :)

A Greenspan corralary: You never know a discontinous market until after the fact. -gggg-

DAK