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 (32698)	3/21/2002 8:21:43 AM
From: Jerry Olson	Read Replies (2) of 52237

Terry uh oh<g> that maybe the death knell<G>... what the hell do they know??? i did just get some alerts on several very overbought sector BP's.. for the thread.. aero/airlines banks auto/partshousehold goods oil service real estate savings and loans these are sectors i would avoid, hedge, sell, write cc's or run for the hills...they are overbought... precious metals---gold is in O's at 68%..the XAU topped out at 68 hit 61 above my downside target...it's in the middle here..watching for you gold bugs.. also watching the SPX--OEX--NDX bullish percents they are getting overbought as well at 70%...the top is coming... all long side traders need hard stops..and should be planning what to do on this next rally up...

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