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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (33960)4/9/2002 3:31:53 PM
From: Terry Whitman  Read Replies (3) of 52237
 
>I wonder if the rest of the market will follow?<

I've watched the XTC and the NDX pretty closely recently, and the NDX has generally followed the XTC. NDX appears to have a date with the winter lows scheduled.

As for the rest of the market (NYX)- the internals suggest they probably won't follow. But I've been surprised before.

On the brighter side- You can now buy 40% more shares of LU for the same money you would have paid a few short weeks ago. <g>

Take a look at the Nasdung most actives today. They are selling the big names, and selling them hard. It kind of surprises me that there are still that many people wanting out of tech at this point. But we don't call it the 'Nasdung' for nuttin. <g>

You have to ask yourself- Is this the 'smart money' selling here? I tend to think not. The smart money sold out a looong time ago- like early to mid- 2000. This is the scared sheep selling, IMO. But WTHDIK..
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