MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (675)	9/22/1999 6:41:00 PM
From: pater tenebrarum	Read Replies (1) of 19219

J.T., i fully agree...there is still no fear, and all the stocks that still go up are now 'crowded trades'. when they begin to fall, it will be a sight to see. i don't buy the new era argument that what is working now will simply continue to work. if you look closely at the mania nutz sector, you will find that the secondaries which used to rally along with the leaders are all completely bombed out, it's the same effect as in the broader market. and i agree that it would be utterly foolish to ignore the weakness in the financials...ultimately, the market will follow the banks. regards, hb

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