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Strategies & Market Trends : Sharck Soup
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To: JRI who wrote (16561)4/17/2001 1:06:56 PM
From: velociraptor_  Read Replies (2) of 37746
 
Nope...nothing new....Been a rather dull day so far. In the bigger picture, I have all indexes at grossly overbought. They need to turn over here, I'm just not sure what they are waiting for.

Frankly, I am a little confused. All my indicators say we go down from this area. Markets are relatively flat after the CSCO news and warning which is horrendous and that has me puzzled. Companies are still wanring, more lay-offs coming, indicators are overbought....and with the rapid pace of declining earnings, companies are now even more overvalued than they were at the Naz 5000/ DOW 11,700 peak.
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