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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (10333)	6/27/2001 11:28:23 AM
From: Chris	Respond to of 52237

msft moving a little

To: Chris who wrote (10333)	6/27/2001 11:30:49 AM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

I thought we might just see a KOD with MACD in QQQ's chart this week. While the histogram is heading up for a 0 crossover, MACD and the Signal line are at overbought levels. They have been for a long time. Same thing with lots of individual charts, too. But CNBC said we've hit bottom, so I believe. I really do. I think P/E's could easily quintuple from here, if companies continue losing more money than ever before, indicating that the economy has most certainly hit bottom. QLGC's P/E is only 81. Why aren't more people buying it now?