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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (48350)7/24/1998 11:01:00 AM
From: Cynic 2005  Read Replies (1) of 58727
 
Donald, allow me to butt-in,
You may already know that I pay a lot of attention to the NH-NL indicator, along with the volume and A/D line. In my opinion, these are leading indicator of the short-term reversals. That said, we are in the process of a crucial juncture where a major (future) macro-economic event is being discounted. If one pay too much attention to short-term 'technical improvements' and bet long I think one is almost assured of losing. The swings in the short-term are going to be too wild and crazy. IMHO. Not many can make money betting on them - especially if you are a day trader.
Just my two cents.
-Mohan
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