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: Terry Whitman who wrote (26839)	1/2/2002 6:14:31 PM
From: TechTrader42	Read Replies (2) of 52237

Warren Buffett has said, according to CNBC recently, that he doesn't see any undervalued stocks in this market. Does that mean it won't go higher? Hardly. The CI's showed some divergence with the market today, ending lower. ST Naz CI: 66.706, 76.000 MT Naz CI: 66.706, 76.000 LT Naz CI: 93.923, 95.620 ST S&P CI: 83.911, 89.686 MT S&P CI: 83.911, 89.686 LT S&P CI: 94.402, 96.381 Generally, they're still in overbought territory. From briefing: "Unfortunately, this strength [in seminconductor sector] did not trigger a broad based advance with the much of the session spent vacillating at modestly weaker levels. This was reflected in the weaker market internals that persisted until late in the day. Today's ISM data (formerly NAPM) was stronger than expected (highest in 14 months) led by new orders but the market did not get significantly mileage out of the release. While the improving internals and late session advance is is encouraging, they came amid generally lighter volume, the same as the late slump on Monday."

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