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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (57861)11/21/1998 12:46:00 AM
From: pete  Read Replies (1) of 58727
 
Donald I agree with your outlook on the market.The 5,15,30,60 minute and daily stochastics are way overbought on the nasdaq,oex,dow.The MACD is also overbought on these indices while the MACD HISTOGRAM is not confirming the new highs in this upmove.Everyone is expecting a Santa Claus rally I think this year we will not get it.I know the market can stay overbought for extended amounts of time but I beleive this upmove will end early next week.
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