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Strategies & Market Trends : ZenWarrior's Trading Paradise
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To: ZenWarrior who started this subject10/5/2001 2:18:01 AM
From: Psycho-Social   of 2462
 
Overbought Signal: Jake Bernstein's DSI of Trader Bullishness is approaching 70% bullish. My new leading indicator, 1yr Nasdaq Business Expectations (3 to 6 wk lead) continues to show promise. It hit rock bottom 3 1/2 weeks before the Sept 21st low. Last week it continued its uptrend for a 4th consecutive week. Considering both indicators, it looks like we're due for a short-term pullback, but the rally off the Sept 21 low should run for another 2 to 5 weeks.
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