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

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To: Robert Graham who wrote (28737)8/30/2000 12:40:08 PM
From: donald sew  Read Replies (2) of 42787
 
Interesting. The DOW is now responding nicely to the CLASS SELL signal but the NAZ/NDX are still hanging tough. What appears to be holding up the NAZ/NDX is the DOT/internets; however I just got a borderline CLASS 1 SELL signal on the DOT.

So this lack of weakness in the NAZ/NDX a hint of SECTOR ROTATION from the DOW into the NAZ, or when the DOT starts pulling back the NAZ will follow the path of the DOW.

The SOX is continuing its decline, although small one. So are we just waiting for all the subsectors of the NAZ to get in line to the downside or is it a sign that the NAZ will take off. I dont know.
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