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

To: el paradisio who wrote (78903)6/18/2001 12:33:12 AM
From: puborectalis  Read Replies (1) | Respond to of 99985
 
The Nasdaq has only been this oversold twice in the last 15 years: in 1987 and 1990. If memory serves, staying bullish during those periods was no easy task either. Just as it takes time to create a top, it takes time to create bottoms.



To: el paradisio who wrote (78903)6/18/2001 4:10:24 PM
From: eichler  Read Replies (1) | Respond to of 99985
 
El,
Todays close beneath Friday's low just can't be good.
Compx prints another black candle a point off of today's
low. I read on several threads today's 7th down day for the compx ties a record. Records are made to be broken.
Also, read a comment Fri. about margin calls maybe hitting
again....
Just can't see anything worth getting excited about from the long side..... I'm waiting for the smoke to clear.
Regards,
Eichler


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