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

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To: TREND1 who wrote (28558)	8/28/2000 12:58:14 PM
From: donald sew	Read Replies (2) of 42787

Larry, Im not convinced of this rally just yet since the DOW/SPX/NAZ are up strongly but the SOX is only up 42 cents right and is so close to going negative. This rally is bullish for the DOW. The conventional belief that once one major index rallys the others follows, but for over a year the market has been experiencing SECTOR ROTATION. If the DOW continues up strongly, that may be a negative for the NAZ, and one possible clue of sector rotation is the SOX lagging the HiTECHs/NAZ/overall market. Am I making too much of an issue on the SOX, maybe and maybe not. We need to keep in mind that the SOX is the largest sector index(not broad-based index). So can the NAZ continue up strongly without the SOX. However if the SOX starts to catch up, the NAZ could shoot up strongly. Looks like the DOW may be on the verge of negating the CLASS 1 SELL but not as clear for the NAZ/SPX yet.

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