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

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To: donald sew who wrote (26627)8/3/2000 2:26:11 AM
From: Alan Hume  Read Replies (1) of 42787
 
Don,

whilst I go along with technical indicators for trading, I am of the opinion that the current fundamentals over-ride the technicals. Namely that the FED"s decision later this month is far from clear, and that the earnings growth of many hi-techs is showing signs of slowing, thus pulling down many companies with high p/e's.
This may undoubtedly result in oversold signals. But given the ABOVE fundamentals, I would not advocate anyone buying high-techs just now

Alan
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