MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (82787)	3/9/2002 3:44:23 PM
From: Tom Pulley	of 99985

Many of the indicators I follow are getting close to an overbought condition due to the rapid recent runup, but no signal to sell yet from my model. A 50-100 point Nasdaq correction would relieve that and allow for more room to run higher. Another day like Friday though and I'll have to cut my long position to about 50%. The link below shows an indicator that is heading toward overbought. stockcharts.com[e,a]daclyyay[d19951001,20021231][pb12][vc60][iUa20,26,9!Ue12,26,9!Up14,3,3!Lb14][J2131753,Y]&pref=G

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