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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (11412)12/12/1997 7:49:00 PM
From: bearshark  Read Replies (1) | Respond to of 94695
 
Hi GZ:

What a strange day. It could have been up 150 or down 150 but settled for nothing. Funny thing though. I have an extemely oversold reading. It is much more oversold now than it was on 11/12. I don't know if the next rally will last very long or be very strong but something has to relieve this oversold situation.

I consider the rally from 7400 to be over now because we could not go back over 7900. So its back to more charts and lines. I'd be perfectly happy with a little positive bridge to January so I can completely rearrange my positions.