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To: Zeev Hed who wrote (78454)3/10/2001 9:54:18 PM
From: westpacific  Read Replies (1) of 436258
 
Sorry Zeev, but I think NAZ could have a few more nasty days of selling and get closer to that 1600 level. We are so close to breaking a critical psyc. barrier of 2000 - yes on the MA we are oversold and the MACD is trying to cross over.

So as a trader I think one could get wiped out as much as they could gain going long.

And a smart trader does not gamble all his powder on a bet!
And right now this is all it is.

Now if the chart changes in the next few days that is different, but as of this weekend it is just not there IMO.

Yes we are oversold, but you could have said that for over one week now.

West
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