daytrade diaries... thursday, page-2

Morning HLL and all,

Wow, what a rally...

despite oscillators on the US Markets being hard up in the overbought area, even the aftermarket session was positive....

I will be extremely interested to see what happens today... obviously, we will start up, let's hope we can power through the morning and see further runs of our own.

I have some slight misgivings regarding the sustainablity of the rally today, again with oscillator indicators (primarily the stochastic) on our own index being in the overbought area, but during sustained moves, these oscillators can fail in this reagard and hold in this area while price rallies.

Other indicators do suggest a potential turn south, but once more, time will tell and the US seemed to power through everything last night easily with only a few minor hiccups along the way.

Good luck all, big respect to the dwellers of the thread.

;)