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Strategies & Market Trends : Fidelity Select Sector funds
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To: Angler who wrote (3669)4/22/2001 11:47:27 AM
From: Julius Wong  Read Replies (3) of 4916
 
Angler:

From Stephen Cox, Dow Jones Technical Analyst (yes, Dow Jones has a Technical Analyst), April 20

"Nasdaq: The index tested the 2180-2255 resistance area on Thursday's close. The trend is up, but caution is called for. Long-term target support at 1456.34-1370.61 is still scheduled to be touched in mid-May or late summer."

I live in a middle class neighborhood. Many people in this area have high debt with repect to income, and no savings. That adds to my bearish feelings.

Julius
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