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

To: Tom Pulley who wrote (84008)	12/28/2003 8:21:45 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 99985

Nice charts Tom!! Especially interesting on the QQQ.. We're definitely a bit overbought, and that would indicate that we're likely to see some folks possibly pushing off capital gains into the next tax year. So I expect a sell-off in the first couple of weeks of January. What's your view of the energy sector? I was looking to enter a position in CPN, but it ran away from me and looks to be reaching a temporary overbought condition. But I think it may have some long-term potential over the next 6 months... But that all depends on how the energy markets pan out. Hawk