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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (5306)	5/22/2001 11:59:22 PM
From: keithcray	Respond to of 5732

Nice list of overbought: Message 15840012

To: SusieQ1065 who wrote (5306)	5/23/2001 8:59:59 PM
From: keithcray	Respond to of 5732

From Stockbottom.com: Looking Ahead From a technical standpoint, lighter volume softens the impact of today's red ink. However, the indices closed at their lows for the day, which could point to a lower open tomorrow. The negative closing tick on the NYSE echoes that trend at -343. The closing tick on the Nasdaq is basically neutral at -136. I really do not pay much heed to a tick number until it exceeds 300 or falls below -300 as an indicator of a new market trend. The CBOE Market Volatility Index (VIX) and Nasdaq Market Volatility Index (VXN) edged up 1.2 and 0.7 points, respectively, but still remain in complacent land. Things could get interesting tomorrow with reports on Jobless Claims and New Home Sales. More importantly, Mr. Greenspan speaks tomorrow night in his twice-annual testimony before Congress, possibly detailing the Fed’s stance on interest rates. On Friday, analysts expect real 1Q GDP growth to be revised from 2.0% down to 1.0%. While it is impossible to predict the impact of these factors on the market, it is wise to be aware of their occurrence and play the trend that the market offers. Trade safe. PJ Mitchell Research Analyst www.stockbottom.com