Monkey Throw Dart: Overbought? Monkey Thinks Not

Wednesday, November 28, 2012

Overbought? Monkey Thinks Not


Even with the overbought stochastics, the November 6th -7th gap, and 200 day moving average that present potential obstacles to a continuation of the upward trend, MensaMonkey doesn't blink and moves from the BND to the XLI one hour before today's close.  The last trade using the BND is in the books as a .08% gain which only means that MM needed a place to rest and relax and think it through. ( I do my best to try to describe the inner workings of a mechanical system by giving it primate like qualities.) 

 Trade details are in the sidebar under "MensaMonkey".