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>Yes, but, Gaetano, look at the stochastic at the top of your chart. Each >time the comit made a new peak it was coincident with the second peak of >each stochastic pair. Are you planning to take a short position?
Bravo! :-) for what kind of reason fo you believe I posted this chart, with that stochastic?! For a series of reasons, this rise would have been predictable (among the others, italian government bonds soared from 90 to 137 from 1995 to date), but this rally seems too steep to be substained. And, if the Dow will not fall until there will be someone claiming next big crash, it look to me curious how the italian market could rise with so many people sure to make easy money. But I'm not considering shorting, there is an enormous mass of liquidity flowing into the market, and I don't want to pick the knofe before it falls to the ground! In fact, I'm still long, but with both the eyes well opened!!! (I don't like to make money with the crowd...)
ciao
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Gaetano Arnaldo Evangelista - BARI (Italy) E-mail: ageitaly@xxxxxx URL: http://www.geocities.com/wallstreet/8492 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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