SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (45304)6/9/1998 11:48:00 AM
From: Patrick Slevin   of 58727
 
You mean a Sector Rotation?

Yet with no overall advance in the market? Off hand, usually I think you get periodic corrections accompanied by stabs to get out of the range with one or two of those stabs being successful. I remember seeing a few examples recently....Summer '95 or '96 was one.....I am pretty hung up at the moment trying to convince myself I'm on the correct side of my current trade and cannot focus on anything else right now. But I think if you look at selected weekly charts over the last 4 years your will see similar patterns to this recent one.

As I recall, this rotating correction will jump out at you here and there and is usually resolved in the above fashion...with one or two rallies succeeding in getting to new highs and then a collapse as strength is completely spent by the bullish camp. The % moves won't look as great because the mind's eye is fooled because the DJIA was so much lower than it is today. Looking at "snapshots", therefore, will provide a better view, I would think.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News