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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 687.70+0.7%4:00 PM EST

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To: Bill Cotter who wrote (40495)12/20/2003 3:24:04 AM
From: Johnny Canuck   of 69458
 
Keep in mind the SOX was the weak link in the most recent run up in the market. It lagged the other sectors and may have been the reason the COMPX did not hit a new high on this run up as opposed to the SP500 an the DOW.

The reasons I am still positive in the intermediate turn is that the action on the DOW and SP500 have been in traditional deep cyclical stocks. A trader only buys into these stcoks if they expect economic expansion and inflation.
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