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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (66659)5/19/2000 4:19:00 PM
From: Terry D  Read Replies (1) of 95453
 
JimL -

As you no doubt realize, along with everything else the techs are also in the middle of the annual June effect - Technology stocks are generally weak on an absolute and relative basis in March, April, June and October, and then tend to outperform (usually starting in late June) from July through January. So the washout/obligatory summer rally is lining up - unless this is indeed the apocalypse, in which case I better go home and put on long pants and socks.

On the other hand - speaking of tops - remember this time in 1998 when we had that cluster of 5 down Fridays/down Mondays in the 3 months leading up to the July 17 top. That was fun - about the time oils starting looking like a nice place to hide.

Maybe I'll take a poll at T-ball practice on Saturday.

t
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