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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (456)6/4/2001 8:21:57 PM
From: Sully-  Read Replies (1) of 8752
 
Thanks Vendit. The shorter term Stochastics & Williams both seem to show upside potential in here. My position is near the top of the trading channel, so I'll monitor it closely.

We are starting warnings season & I think that we're going to see some bad YOY earnings comparisons for the near term. P/E's are already historically high. Combine reduced trailing earnings with higher share prices & P/E's will spike significantly higher. Right now I'd be a bit surprised to see the NAZ break out to the upside.

BWDIK

I do appreciate the analysis :-)

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