SMH IYT

    Posted by renko777 on 26th of Sep 2014 at 12:36 pm

    SMH bounced off 50 day, Slow STO is oversold with 51.11 buy signal on large red candle.

    SMH Daily

    Another 50 day bounce, oversold, and buy signal off of large red candel

    IYT Daily

    Renko..SOX bounced to 9 day

    Posted by steve on 26th of Sep 2014 at 12:41 pm

    Renko..SOX bounced to 9 day EMA today. With my indicators not oversold, I would prefer to see more strength in this environment.  Just keep stops tight if taking a trade. 

    OK thanks.  I have not

    Posted by renko777 on 26th of Sep 2014 at 12:44 pm

    OK thanks.  I have not bought yet.  Just looking for more strength in the market as you said.

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