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Strategies & Market Trends : Rande Is . . . HOME

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To: moufassa7 who wrote (48715)	3/13/2001 8:50:49 AM
From: moufassa7	Read Replies (3) of 57584

NAZ poised to rally. Late yesterday we got oversold readings on the Trin & Ticks for the NAZ. Oversold condition is ripe for a decent rally. Some are not convinced though. They do not see the "massive volume necessary for capitulation". True, but not all bottoms are formed with one massive selloff. We have enough capitulation IMO to have a good rally. Many NAZ issues are down over 70% from their highs, I think most shareholders have thrown in the towel. I've played the short side with the QQQ recently. Yesterday I went long some techies when we pierced 1940 late in the day, I'll use today to fill out my long positions.

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