MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

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To: Les H who wrote (43133)	3/15/2000 6:13:00 PM
From: American Spirit	of 99985

Today was an excellent day for the market. Dow dogs catching up a bit to high-flying Naz. After a day or two more of this the Naz should start rallying again. Stocks in the middle should fare well as tech/value becomes a popular combination. Where you don't want to be IMHO is gold, oil, and high-flown techs still a precariously high levels. I like the basic techs, computers and telcos, drug stocks and select retailers. Anything with high-quality growth which has been beaten down lately. Cable stocks look very attractive. Check out ADLAC for instance at 52 week low, or ATHM at 28+ again. The buying of Dow dogs should be limited and the 500 Naz fall of late should reveal some gems, particularly amongst those which were fairly cheap even before the drop. Hopefully oil prices will continue to come down. That will help a lot.

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