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Strategies & Market Trends : market dissection: all methods considered...

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To: el paradisio who wrote (77)8/28/2001 10:40:30 PM
From: mishedlo  Read Replies (2) of 450
 
The naz is NOT oversold.
Take a look at AMAT
stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3]

NVDA
stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3]

Most importantly $SOX
stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3]

The Sox is leading this market.
It is hugely overbought.

Ignore the rest of the crap.
When the sox falls it will all fall
When the sox rises (well the Sox rises) and the rest may or may not. That has been the pattern for some time.

Want to know where we are headed?
1) Watch the $sox
2) Watch MSFT

M
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