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Politics : High Tolerance Plasticity

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To: kodiak_bull who started this subject1/21/2002 6:54:04 AM
From: aerosappy  Read Replies (3) of 23153
 
Bull Trend Intact ???
by: exbondguy, 01/20/02 09:20 am
[Y! post by independent money manager]

Rough week, no doubt... Nothing technically that I follow suggests that THE move is over, but I can't rule out a little more consolidation of the post-September rally. The broader markets continue to outperform the large-cap names. We have moved to the bottom of the Bollinger Bands in most of the averages - I am hoping that it provides support. Another down week will force me to look again at my bullish intermediate/long-term thesis. As I mentioned last week, rotation back into Health Care is starting to take place, and there appears to be ample supply of opportunities out there. I will be watching SOX this week - I think that support is 500 or so and will take my opinion of technology stocks down if it is violated...

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