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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: MechanicalMethod who wrote (35525)5/6/2002 11:46:13 PM
From: TechTrader42  Read Replies (1) of 52237
 
The Naz and S&P are oversold in the short term, from the point of view of my sentiment indicators. But the S&P indicator hasn't hit the panic level of 0 yet (it's at 26.5), and the S&P longer-term indicator is in the midrange (45.6). The Naz longer-term indicator is at 26.2 (oversold). Sometimes, the biggest drops can occur at the end of downtrends.

I don't know what the permabull argument was based on, besides emotion and wishful thinking.
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