http://www.insidestocks.com/momentum.asp ...bottom of page ,everything above 70% mark,the theory goes that when everyone is in,above 70%,there are'nt many buyers left
the stupid part was not taking half off this morning,had a 49 bid that was never close,did the same with a 52 short,covered half and watched it go all the way back up
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader lot of big names on the list..ibm..goog.gs
Buy dips, sell rallies, it works either way. When the LongBoyz bought all the way from 1135 down to 1040, that was pretty darn contrarian, but no one got killed from what I can see, though who knows, because we can call trades all day every day with no stops and average down until we've averaged deep enough that any decent move the other direction will eventually create a profit, but it doesn't mean anyone's actually trading that way in reality.