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


To: JRI who wrote (67529)1/23/2001 8:02:52 PM
From: marginmike  Respond to of 99985
 
OOOPPS!



To: JRI who wrote (67529)1/24/2001 8:32:51 AM
From: Dave  Read Replies (1) | Respond to of 99985
 
Depends on where you went short. It appears that this last leg up has penetrated the upper trend line in a downtrending trading channel, so assuming the market cooperates it should move higher in the medium to long run. Stochastics show it's entering overbought territory though, so a short term pullback is probably in order.