Looking for longs...not seeing them

[dac8555]

I scan for stocks every day...normally i can find som decent long set ups....now t is looking like all the setups are bearish.

Overbought...double tops, heand and shoulders, stalling neear a top..top of trend chanel and stalling etc.


are you thinking what i am thinking?

Dan

 

[KS96]

There is no such a thing as an "overbought".

 

[niceneasy]

if you are thinking about maria sharipova covered in green jello... then yes... we are thinking about the same thing....

 

[dac8555]

Quote from KS96:

There is no such a thing as an "overbought".

yes, as a matter of fact, yes there is. it IS a realtive term and it is not certain...as nothing is certain....but overbought conditions do exist..as to why such indicators exists like bollengeer bands, RSI, Will%R and trend channels.

 

[HolyGrail]

Quote from dac8555:

I scan for stocks every day...normally i can find som decent long set ups....now t is looking like all the setups are bearish.

Overbought...double tops, heand and shoulders, stalling neear a top..top of trend chanel and stalling etc.


are you thinking what i am thinking?

Dan

I believe I am getting the same "feel" as you are, but I am ignoring it. When my key indicators turn south I am out of the market, but right now everything is still GO!!!

 

[Wayne Gibbous]