Posted by dallassteve on 7th of Aug 2009 at 08:13 am
Yes, I like SMN here. Steve posted some P&F charts
towards the end of the update and pointed out that tech stocks are
back up near their all time highs on the bullish percent ratio.
It looks like the same could be said about the materials
sector at 84.7
I am adding cautiously to my short postions, and SMN could give
a little diversity. What would you use as an indicator to
buy? I am watching the 10 and 20 EMA on a 15 min and 60 min
chart.
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IYM looks toppy on daily charts
Posted by junkmaylbox on 7th of Aug 2009 at 05:59 am
RSI is at extreme levels, volume has been tapering off on the advance and the index is following the $USD. Is anyone playing SMN here?
http://stockcharts.com/h-sc/ui?s=iym&p=D&yr=0&mn=8&dy=0&id=p39002259743
SMN
Posted by dallassteve on 7th of Aug 2009 at 08:13 am
Yes, I like SMN here. Steve posted some P&F charts towards the end of the update and pointed out that tech stocks are back up near their all time highs on the bullish percent ratio. It looks like the same could be said about the materials sector at 84.7
I am adding cautiously to my short postions, and SMN could give a little diversity. What would you use as an indicator to buy? I am watching the 10 and 20 EMA on a 15 min and 60 min chart.