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Strategies & Market Trends : market dissection: all methods considered... -- Ignore unavailable to you. Want to Upgrade?

To: el paradisio who wrote (77)	8/28/2001 7:19:34 PM
From: eichler	Read Replies (1) \| Respond to of 450

Hi el, <I may drop in from time to time if you don't mind.> Please do! Always appreciate your comments. We could test some upside at any time according to the oversold intraday charts, but the daily has a freshly disturbing look after today's action. It is not as oversold as before the last "rally", and all the indicators look to be heading the wrong way. Also, the bearish implication of today's candle and the last three session's pattern is of further concern. I'm thinking that the odds of a downer tomorrow are greater than the odds of a reversal back up, though of course a lesser probability doesn't guarantee anything...ggg Best Regards, Eichler

To: el paradisio who wrote (77)	8/28/2001 10:40:30 PM
From: mishedlo	Read Replies (2) \| Respond to of 450

The naz is NOT oversold. Take a look at AMAT stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3] NVDA stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3] Most importantly $SOX stockcharts.com[w,a]daclyymy[pc13!c50!c200][vc60][iUb14!Lh14,3!Li14,3] The Sox is leading this market. It is hugely overbought. Ignore the rest of the crap. When the sox falls it will all fall When the sox rises (well the Sox rises) and the rest may or may not. That has been the pattern for some time. Want to know where we are headed? 1) Watch the $sox 2) Watch MSFT M