It reminds me of back in July 09 or late Feb through March of
this year, the market rallied and rallied without much
pullback. Go with the flow until it changes.
The market works this way; most of the time it will trade in
short ranges where it get's overbought and oversold fairly quickly,
and then once in a while you get strong trending moves that last
for a long time where overbought can stay overbought for a long
time and oversold can stay oversold for a long time
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yep, it can stay for
144 stoch on 15 min chart
Posted by matt on 15th of Sep 2010 at 04:03 pm
yep, it can stay for a long time
It reminds me of back in July 09 or late Feb through March of this year, the market rallied and rallied without much pullback. Go with the flow until it changes.
The market works this way; most of the time it will trade in short ranges where it get's overbought and oversold fairly quickly, and then once in a while you get strong trending moves that last for a long time where overbought can stay overbought for a long time and oversold can stay oversold for a long time