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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Tom Pulley who wrote (83930)9/2/2003 4:00:29 PM
From: Rock_nj  Read Replies (1) of 99985
 
All my indicators tell me that the market is overvalued here. But, don't fight the trend and stand in the way of momentum. I think the markets are sensing that the American economy is finally going to recover later this year and into next. The big money is back. They'll definitely be a chance to short, but wait until the momo shows signs of subsiding.
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