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

To: JRI who wrote (67174)	1/18/2001 7:46:23 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

JRI: After market pops are a good way to skin individual investor alive. Nothing like a gap open to facilitate stock chasing, heh? No one wants to be left out of the next big money making bull run, right? IMO, if this market takes off to fast, it will not rise as far! Regards, LG

To: JRI who wrote (67174)	1/19/2001 5:22:43 AM
From: craig crawford	Read Replies (1) \| Respond to of 99985

Here we go with the overbought stuff again. Many of the technicians on this thread have been saying the Nasdaq is overbought for the last 200-300 points! Obviously overbought doesn't mean much of anything if you're coming off a bottom. >> This doesn't seem healthy to me at all...some stocks up 60, 70, 80% and more in less than 2 week...bubble part deux..what happened to "building a base" ? << Stocks need to break their downtrends before they start their basing patterns. Many people on SI have erroneously been saying the Nasdaq was going to have to base for a while before it could break out. That's incorrect and I posted a message explaining why. Message 15134653