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Strategies & Market Trends : Tech Stock Options
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To: HairBall who wrote (55517)10/15/1998 11:45:00 AM
From: donald sew  Read Replies (3) of 58727
 
LG,

I have noticed in the past that the longer the move takes in either direction will flatten out the guitar readings.

My short-term technical readings (different from the guitar) is now clearly in the overbought range, so the upside from specificly this point is limited.

The market needs to come down some, even a pullback of 100-200 points could produce upside of double that amount, if the trend has changed to the upside.

Keep in mind the the major overseas markets, except for JAPAN are are also in the overbought/CLASS SELL status for tomorrow or the next

Seeya
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