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Strategies & Market Trends : Moufassa's Lair
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To: Mark Konrad who wrote (5038)2/15/2002 4:51:00 PM
From: moufassa7  Read Replies (2) of 13660
 
I doubt the NAZ is finished with the down side. Tuesday is a long way off and anything can happen. The DOW appears to have had a reversal today, leading me to think that the sell off has more to go. In the absence of some unexpected positive news, I'll be shorting again next week. We need to get a really solid oversold condition before we can have an extended rally. The market needs capitulation by the longs. I believe that will happen within the next few weeks. IMO.
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