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Agreed. A pullback here could present an excellent setup.
-----Original Message-----
From: Pete [mailto:plieber@xxxxxxxxxxxxx]
Sent: Friday, January 19, 2001 10:20 AM
To: RealTraders
Subject: [RT] NDX is Positive, but Overbought
Following up on my Jan 4th email, I still like the NDX. I base my positive
outlook as I did on 1/4/01 on my measure of money flowing into the 100
stocks that make up the index. We have a positive divergence now as we had
then.
However, my overbought/oversold indicator is showing the index is
overbought. I'm hoping for a pullback in order to load up (See attached
chart).
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Attachment:
Description: "NAZ_010119.gif"
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