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


To: marginmike who wrote (65115)12/23/2000 5:40:05 PM
From: Les H  Respond to of 99985
 
I run a barbell search on the S&P 500. Despite the market looking oversold, there are 3 to 4 times as many overbought stocks in the S&P as there are oversold stocks depending on which technical indicator one chooses. The oversold stocks just started to bounce on Friday. It probably takes that many old econ stocks to offset the new econ stocks.