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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: Johnny Canuck who wrote (25315)	2/24/2000 12:17:00 AM
From: Suresh	Read Replies (2) of 68946

Hi Harry and others, market peaks have occurred at points where there are numerous splits. Splits are being announced these days at a rapid rate. Maybe I am getting very old for this market... but I don't think the market is set to rally from here. Even if it does it would be over within a week. I always thought splits are a ploy for distribution. This market sentiment.... in summary (with tongue in cheek); 1) Market is overbought.... Short the oversold and beaten down stocks. 2) Market is oversold...... Buy the overbought group. Suresh

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