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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: hillbillies who wrote (1851)	6/4/2002 10:46:12 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 17639

I'll try to explain it, Hillbillies...Computers at 34% means that 34% of the Computer Index are on P & F Buy signals... anything above 70% is supposedly risky for longs(overbought)...and anything under 30% is supposedly risky for shorts(Oversold)... but as Jorj points out we need to look at the historical..for instance the NDX BP fell all the way to 2 back in Sept after the attack, finally at 2 we bounced... today the NDX is at 26, so comparing it historically it may have a long way to fall. ** i think this is correct description of BP's , someone can correct me if i'm wrong...