http://stockrake.disqus.com/My stock trading journal. I time the market and look for trading opportunities in stocks, etfs, and options.enThu, 26 Apr 2007 04:58:35 -0000http://www.stockrake.com/what-sucked-today-4252007%7E2007%7E04.html#comment-2378660Yeh today showed some interesting overbought signals. RSI(5) over 92 on the daily for NDX. I'm concerned that the market is in parabolic mode ala 1999. The difference between 1999 and now is that corporate balance sheets are much better. 1999 was also a period of being overpriced while now the market is cheap.<br><br>Bottomline: If the market is in parabolic mode, we might have to eat our losses on our short positions. I did today with my puts. Doh forgot to mention that in my post. Gotta edit.SenseiThu, 26 Apr 2007 04:58:35 -0000http://www.stockrake.com/what-sucked-today-4252007%7E2007%7E04.html#comment-2378661i am long the QID, SDS, and DXD.....loosing bigtime..........also long 1/4 positon ONT, and full position CPST<br><br>do you think we get bounce on the short instruements<br><br>thanksPhil KemplerThu, 26 Apr 2007 04:31:38 -0000