Just wanted to highlight to everyone what a short candidate looks like (if you short stocks). For me, it was time to buy some in-the-money puts for a quick profit. Three critical tech signals were super overbought this morning when the AIG went over 29.00USD. So the stock had no other place to go but down.
So whenever you see a stock at these levels (see title above) and the same stock opens up huge like AIG did this morning; you'll know what to do next time - this story may repeat itself tomorrow; if it does, again, you'll know what to do. The key here was the RSI over 90.00 and the CCI over 333.00 - no stock, and I mean NO STOCK will hold up at these levels - this will always be easy money. See tech signals below and watch how the stock closes today to determine your MONSTER CALL / PUT OPTION PLAY tomorrow.
http://investertech.com/tkchart/tkchart.asp?stkname=aig&px=&wt=0
Enjoy trading!
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