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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (9020)11/25/1998 1:16:00 PM
From: SE  Respond to of 44573
 
Yes a bit overbought...I'll bet you did not even look at the chart to make that statement, did you? MACD on the 5, 10 and 15 minute charts still look to be long. I am holding on for now. Hope I exit correctly. I won't hold into Friday. I will be out by the close.

Later.



To: Patrick Slevin who wrote (9020)11/25/1998 2:05:00 PM
From: SE  Respond to of 44573
 
I just blew it out at 87.75. I think it might work its way higher yet, but it also could go lower at this point having broken the prior low. The indicators are all oversold, but I was not willing to risk the profit I had on the chance it might turn. Nuts...just noticed the time, 1:00 pm exactly. I bet it does turn now....oh well, nice to have a gainer.....

Have a great Thanksgiving all.

-Scott



To: Patrick Slevin who wrote (9020)11/25/1998 2:11:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 44573
 
Pat

RMBS looks good here..the sector is overbought somewhat..at 72% for the semi sector...

but RMBS is a BSB...can go anywhere it wants too...<g>...