MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: bobby beara who wrote (15409)	6/1/1999 11:50:00 PM
From: Slava Chechik	Read Replies (3) of 99985

Bobby, most of stocks I'm looking at (CSCO, MSFT, AOL, etc, and major indices) remind OSX index and NE, RIG, etc about 1 year ago. Daily indicators were in the oversold condition and gave impression of bottoming out. But weekly indicators were in the mid-range and pointing down. These stocks lost between 50-70% in the next few months. I do not project that kind of move by any means, but until weekly indicators get oversold or reverse risk/reward ratio will favor shorts. Regards, Slava Chechik

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