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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: el paradisio who wrote (73089)	3/22/2001 6:37:00 PM
From: Doug	Read Replies (1) of 99985

El: On a historic basis , theere is wide divergence between the proposed recovery in the SOX and the general market. In all previous cycles, the Semis recovered after the markets did. This is the first time that the SEMI's are leading the market that too when the DOW is selling down. Something is amiss here. Historically , the TECH's recover after the market establishes a turnaround.. It is not clear what is the basis of the current move especialy when the General market is in a down trend How do you see it.?

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