MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: HairBall who wrote (66802)	1/14/2001 4:57:15 PM
From: JRI	Read Replies (1) of 99985

LG (or anyone): Am looking on shorting BRCM on any up open (Naz/BRCM)..thinking Naz overbought here (needs to rest a little, at a minimum, before any additional up move)...BRCM also has made a huge move, trying to get thru resistance Friday (failed), is overbought on multiple indicators.... It appears that the SOXX is still looking pretty good, although we all know how long that can last (not very!).. Anyway, appreciate any words of advice, help in breaking down BRCM technically....looking for 110 target....looking for a failure after up Monday morn...thanks in advance...

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