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

To: eichler who wrote (77522)5/29/2001 10:50:47 AM
From: t2  Read Replies (2) | Respond to of 99985
 
Seems to be a lot of bearish sentiment today. I also feel nervous about the market right now. Others are talking about profit warnings, trading range etc..
Put/Call ratio has increased a bit as well.

Wonder if that is some contrarian indicator.<g>
It seems that way to me as I started feeling that I should have dumped my positions Friday.
Now decided that my caution means the market is not going to drop significantly and therefore no reason to get out of long positions. ("hope" i am right)



To: eichler who wrote (77522)5/29/2001 10:57:16 AM
From: eichler  Read Replies (1) | Respond to of 99985
 
Here's another one:
LAUN from the golden list thread. Daily chart looks to be breaking out on rising volume. Stochastics crossed up from the oversold zone. ADX about to cross. OBV on the 60 minute chart spiking up. Looking good....


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