MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (9778)	4/4/1999 1:18:00 PM
From: StockOperator	Read Replies (2) of 99985

GZ, if the oversold breadth ever turns up from here, look out above Absolutely. That's exactly why you can't allow the extreme valuations of a few stocks to shake you out of the game. As long as the charts point to higher prices you have to stay long here. Besides when I consider the narrow breadth I always try to remind myself that this small group of companies are revolutionizing the world. They are in the forefront of the technological forces shaping the marketplace. So who am I to say when their run will stop. They could get a lot more expensive from here. Of course I am watching things closely. With prices at critical points on their charts, I am looking for a quick resolution (either up or down) to many of the patterns on the charts. Regards, SO

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