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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (29123)	10/12/1999 5:09:00 AM
From: Matthew L. Jones	Read Replies (1) of 99985

Actually I was just kidding <VBG>. This thread is hardly composed of the j6p crowd. IMO, it all comes down to time frame and actual stock. For example, I could make both a bear and bull case for QQQ right now. On a short chart (60 minute or less) it is clearly overbought, however on a day chart or longer it (amazingly enough) is still in an uptrend. I think if we were more specific in our time horizons when making our prognostications, there would be less misunderstanding. I should have put "<g>" in my tongue in cheek comments. Matt

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