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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (92829)4/11/2000 9:43:00 PM
From: Scrumpy  Read Replies (2) of 120523
 
Any opinions on the overall market? Can you run the COMPX through some of your filters and calcs? I smell a big rotation into old-world companies, fueled by "here-it-comes-the-party-is-over" bear speculation and mediocre media. Part of this will be self-fulfilling. Daily COMPX OBV is edging down...a benign observation of TA fact. I think investors will sit in NYSE cos for awhile until the techs start running again... the "I-don't want-to-be-left-behind" mentality will resume, I'm sure. Many are sitting on their hands and/or sidelining this pullback (check other threads), which is normal, but it seems like the big boys e.g. "I told you so" institutional managers want to see even more of it before they see "value". Unfortunately, I'm buying on the dips, but the dips keep breaking.

Jenna, I know you're quick, but I'm moving towards the "Market trending down & earnings pop = Short" strategy. In and out. Sure hoping for a stellar earnings season, positive coverage, interest rate decreases, and a change in analyst heart, eh em.
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