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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: Stoctrash who wrote (560)4/28/1999 8:03:00 AM
From: chartseer  Read Replies (2) of 2103
 
Hi Fred!

70% and over is considered over bought but it does not necessarily mean that a sector will reverse immediately. It does mean that most buying has already taken place and is a good time to start thinking about taking profits and placing shorts or buying puts.

then again what the heck do I know?

chartseer
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