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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (45646)	4/11/2000 7:40:00 PM
From: Crimson Ghost	Respond to of 99985

I still expect the Dow to take a stab at its high before we get a meaningful correction in old economy stocks. NAZ oversold? Not by my standards. Still up 60% from last October. Concepts of oversold and overbought change radically when a bull market becomes a bear. Just as the NAZ stayed grossly overbought by many measures for months on end on the way up, so it can remain "oversold" for a long time on the way down.