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

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To: kendall harmon who wrote (102729)6/17/2000 8:26:00 PM
From: westpacific  Read Replies (1) of 120523
 
DOW 10400 / NAS 3750 / SP 1450 - these are the supports I am watching.
Fed will do another rate hike - the fact remains, PEs are still from an historical prespective very high. I have some longs as a hedge with tight stops. 25% invested right now in equities and that is it. Stock Pickers market, it takes a ton of D&D to play right now.

Halfway point for Dow Theorists is 10750
NAS 200 day MA is 3700
NAS resistance 3942
DOW resistance 10825

No hype, charts do not lie, watch the technicals - it these supports are broken my 25% hedge is taken out - NO MATTER WHAT. If we break resistance then I will increase my positions. Right now there is no other way to play it. Do not listen to analysts - trade on technicals and you will be alright.

West
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