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Strategies & Market Trends : Sharck Soup
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To: Electric who wrote (29385)6/26/2001 8:03:21 AM
From: Electric  Read Replies (1) of 37746
 
I am going out on a limb given that the futures stink like they do this early..

I think this drop today will be selective. Of course financials ought to get smacked around a bit, and maybe a little in the chips (although I dont think the AMCC warning is out of the blue, it probably is nearly priced in to most in the sector already). I think the naz wont fare as bad as the dow, and certain groups might be worth being long. I think the FO's might outperform, but wouldnt want to go long the bios too early, I think this conference people are selling on the news a bit..like last year when they had a big conference.

I am glad to see the DOW take it on the chin for a while, it bodes well for a faster NAZ recovery..
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