Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who started this subject	8/23/2001 7:01:40 PM
From: geode00	Read Replies (2) of 42834

Oversolds aligning? From Dwyer on RM: The Nasdaq Composite appears to be entering the same type of oversold condition on all three time frames, and comments again focus on the lack of a catalyst and the need for a nasty selloff in order to put in the low. Seeing oversold conditions in all three time frames is a rare occurrence; the two most recent instances took place in October 1990 and the crash of 1987. It happens infrequently, and when it does, a meaningful rally has followed. Hays bullish as well. Lots of gloom, despair and total apathy but then again it has been a muggy and hot summer. Doesn't seem like a repeat of March since the trend has been less drastic. Where are you Bob? Your subscribers are apparently still waiting for future trading guidance and are getting absolutely nothing! Missed the last 50% rally/25% fall. What's up next?

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