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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST

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To: Lee Lichterman III who wrote (31808)10/29/1999 9:45:00 AM
From: donald sew  Read Replies (2) of 99985
 
Lee,

Concerning SECTOR ROTATION, we are getting the appearance that the HiTECHs are getting alot of buying. Right now the the NAZ is up 51 but the DOW is only up 24. So are we back to the same routine in the past or is this rally for real in terms of being across the board. It appears that the weakness in the HiTECHs may be ending.

Yesterday, many were very happy with the rally since it was often mention that the leadership was changing and not just staying with the HiTECHs. Its still early, but that senerio may be weakening.

seeya
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