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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who started this subject5/27/2003 5:41:46 PM
From: Compadre  Read Replies (2) of 52237
 
Last week I said that the short term trend may have changed (2w to 2m) The NDX violated the bearish wedge that was forming since march, but today came back within the wedge with some conviction. So my view now is that the uptrend is still intact, but it changed direction slightly.
After hours the qqq is edging up, while jnpr is being sold heavily.
I will remain short the qqq and hedged at this point until i get a new sell on the SPX and OEX. Right now they are overbought.
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