Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (11331)	7/10/2001 5:43:32 PM
From: TechTrader42	Read Replies (1) of 52237

My own indicators for the Dow and S&P are in oversold territory, but I'm doubtful about them. Remember, they haven't yet given the buy signal. They're just low. Why there'd be a reversal amid all the bad news I don't know. And yet they're oversold. This isn't the case with a lot of charts for individual stocks. Many still seem overbought with MACD and other indicators, so maybe I'm right to be doubtful about a reversal. As for the Naz, I think it could easily go lower. I don't see anything encouraging in my own indicators, as I do for the S&P. Of course, that means the Naz will probably reverse, but I won't be on board. I hope Chris weighs in here with some trendlines, etc., too.

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