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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (12723)	1/1/2004 8:12:13 PM
From: dvdw©	Read Replies (1) \| Respond to of 207320

You dont need to try and make me happy, but my comment to you stands...unless your data includes short interest facts your TA is broke, and showing me a chart of the S&P with a surmise that because its up its overbought...Not buying it. In fact all I'd ask you to do is define Overbought and Oversold...I doubt you can.

To: Yogizuna who wrote (12723)	1/1/2004 8:23:28 PM
From: Kirk ©	Read Replies (1) \| Respond to of 207320

That just looks like a chart of something going up. People have been tellin me here investorshub.com that CACS was over bought all the way up from over $1 to over $15. It eventually corrected to $10.73(after I sold a few at $14.40)as it went back to support (where I bought those shares back at $11.50). CACS finished the year at $12.54 up 3200% from 38¢. My point is a stock can triple and still be closer to a bottom than a top... Everything I see says sideways correction and the new leaders have already broken out and it is probably a matter of time before MSFT and the other laggards tag along. Of course, that profit taking gambit after the new year might have a ton of money waiting to buy stocks like CACS... but if they don't dip as many of us like it for the long term, then the explosion could be upward as they jump in before it gets away from them yet again... the new leaders, the Cisco's of the 21st century, will have the best fireworks, but the oldies like MSFT could provide some excitement as well. K