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


To: Haim R. Branisteanu who wrote (57507)7/31/2000 10:03:48 PM
From: bobby beara  Respond to of 99985
 
Haim, the market is very oversold and too much bearish sentiment, i think the market has to move higher for a while.

here's one from the homer simpson school of trading.

doooooooooh! -g-

securitytrader.com^SPX&ChartID=4649&ChartType=D

never short into a major moving average in a bull market (plus never buy into a major moving average in a bear market)



To: Haim R. Branisteanu who wrote (57507)7/31/2000 10:55:05 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Retail is in a catch-22. The monthly sales come out soon. If they're bad, earnings estimates get cut. If they're good, the Fed raises rates. Then the earnings reports come out later this month. Apparel stocks are probably not going to do well --- it's been raining about every day here in the Mid-Atlantic and looks to continue for awhile.