Looks like players sold out of Semiconductors and went short at Direxion..?

[Scataphagos]

Sold out of SP also. Bold.

 

[mervyn]

did long sosx thursday and friday respectively, 500 shares each day.

 

[KCalhoun]

I bought soxs at the close .... oversold or epic fail? Tue will tell

 

[zdreg]

I bought soxs at the close .... oversold or epic fail? Tue will tell

overbought?

 

[mervyn]

overbought?

soxs and soxl are inversed, either one is a bet.

 

[zdreg]

" oversold or epic fail? "
I was questioning the use of the term oversold. Did I miss the existense of an oversold condition in semiconductors?

 

[mervyn]

" oversold or epic fail? "
That was not my point. I was questioning the use of the term oversold. Did I miss the existense of an oversold condition in semiconductors?

check soxs chart, i think it is at 25.

 

[zdreg]

soxs is at 11.35

 

[mervyn]

soxs is at 11.35

rsi, which is kc meant by oversold, I think.

 

[zdreg]

rsi, which is kc meant by oversold, I think.

rsi is not mentioned in his post.
Oversold implies future buying.