Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Thomas Sterner who wrote (6555)	3/25/1998 10:43:00 PM
From: AlienTech	Read Replies (1) of 120523

>>Most stocks I follow are oversold and every new one I have added to my database in the last couple of weeks also appear oversold. I don't short but if I did, my dollars would go that<< You mean short stocks even if they are over sold? There is still a lot of money flowing into the market. When we see that dry up will be when the market is going down which might not be for a few weeks or months. Look at todays drop, never seen a 10 point drop in the S&P in a few mins before but it rebounded 4 so the buy on the dip mentality still prevails. One of these days when its falling no one will be there and thats when the correction started. The best way to see which way the market is going to go is to look at the spread, normally its 1/8 to 1/4 on the OEX, today at the drop it was 1 1/2 at one point. Even the pits didnt know if it would rebound. All the pros are still on the bull side. ragingbull.com That will be another dollar.

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