INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (8266)	4/23/2000 11:32:00 PM
From: Berney	Read Replies (2) of 11051

MG, Bear Market is Not Confirmed! I've spent the weekend starting the updating process of my Big Boys spread sheet. First, let's consider the one year performance of some major indexes for the year ended 4/20/00: NDX 72.6% COMPX 51.2% OEX 17.4% SPX 9.8% DJIA 3.8% My Big Boyz models, BASIC and BAMBI, are both Bullish! BASIC has 39 Bullish and 24 Bearish, while BAMBI has 43 Bullish and 20 Bearish. However, since they say a picture is worth a thousand words, I'll break it down by industry group. BULLISH BEARISH Consumer Durables 4 0 Consumer Staples 3 2 Industrial Cyclicals 9 1 Energy 2 0 Finance 8 3 Health Care (Drugs) 7 1 Retail 3 1 Service 1 1 Technology 0 12 Telecom 2 3 If TRAN can break through this resistance and some key components of DRG (i.e., PFE & LLY) can do likewise, watch out above. OTOH some key tech players are simply breaking back into their long term (monthly) trading channels. The question remains: can the other legs of the stool support the Market? The jury (wherever he is) is out. I'm Back! Just A View from the 18th Floor TB

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