Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rich1 who wrote (57769)	10/27/2000 12:43:57 AM
From: Dana Johnson	Read Replies (2) of 63513

Regarding the P&F indicators, I agree that they aren't necessarily in sync with the daily action. Really they have a longer time constant and suggest a longer term trend. The market does seem to be bottoming. But there is a rotation through various sectors now like there was on the upswing. Now, valuations are getting adjusted. In the "From the Analyst" report today, one of the stocks mentioned was AMGN. Well, evidently the chart pattern wasn't enough. In fact, in contrast with last spring, now the theme is shoot first - ask questions later (maybe). I think it will take a while for this sentiment to shift. (grub?)

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