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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (24325)6/13/2000 11:36:00 AM
From: Lee Lichterman III  Read Replies (1) of 42787
 
Agree on lack of sellers per my post last night on our site.

Something else I am noticing is besides the benign data this morning as far as inflation is concerned, the market seems to still be worried about inflationary views. Don't they believe the numbers??? Look at what is strong and what is weak today. The high PE stocks are getting hit like B2Bs, Internets etc and the lower PE stocks are showing strength. Also, if you took HWP out of the equation, the DOW would be up. The rotation towards the DOW I was looking for seems to have started.

I am not convinced this is the end of the NASDAQ pullback though as this could be something like one of your three day patterns with today flat and tomorrow down strong. Just wish we didn't have the wild card of the CPI tomorrow to skew things.

Good Luck,

Lee
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