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

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To: Lee Lichterman III who wrote (6169)4/22/2001 9:49:21 PM
From: Paul Shread  Read Replies (2) of 52237
 
>>there were still signs that money was leaving the defensive DOW type stocks such as MO, JNJ etc and flowing into tech. <<

Money was leaving ALL non-tech Dow stocks and flowing into tech. At the same time, the NYSE A/D line set a lower high than it did the last time the Dow and S&P were at these levels (and probably the NYSE too). Looks more like sector rotation to me the last couple of days, and a hint that new money may have stopped flowing into the market for now. Will post more tomorrow, but I wanted to mention that when I saw your post. Not sure if it means a top here or just a pullback. It's only gone on for two days, so I'm not sure if it's worrisome just yet. Could also mean that AG has flooded the market with enough liquidity to reignite the bubble.
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