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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Seldom_Blue who wrote (5835)4/1/2000 6:49:00 AM
From: edamo  Read Replies (1) | Respond to of 8096
 
seldom..."broader naz down...selected issues up"

i think what should be considered is the qqq versus the broader naz. qqq heavily weighted in the more quality issues while the broader naz will suffer from the high priced junk. i'm not really one who uses ta, more an advocate of momentum and trend reversals. many of the quality issues indicated late thursday the ability to reverse trend, which was confirmed on friday and hopefully becomes undisputable on monday. i remain in a vacuum on any decision i make, just me, the basic fundamentals and knowledge of overbought or oversold of the underlying, all else is beyond my scope of vision and noise. an oversold issue can remain or become more oversold in an overall negative market environment, but they become "rubber bands" and snap back with much force when the market gets happy again.....

not to worry, they go up, they go down, you just have to enter the elevator at a lower floor then you get off at...

good luck....ed a.