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

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To: Vitas who wrote (34149)4/12/2002 1:01:38 AM
From: Susan G  Read Replies (1) of 52237
 
just popped back on SI to ask YOU something, since you track the new highs and lows so closely...and there you are, the last post <g>

The new high and low strength lately..could it be possible that rotation is a big part of this? Extreme rotation has been going on for a while now, Don noted it months ago. Rotate into a sector, run it up to new highs, sell out, into another sector, run it up etc. more new highs and repeat.

Restaurants, defense, housing, regional banks, consumer goods and retail alone - playing musical chairs with these sectors could keep the new highs list "plump" on a regular basis. Even move the NH/NL index up if you keep rotating back into these strong sectors - for another round of new highs. And with no index of "stocks that just hit new highs and are now selling off" <VBG> They leave no tracks...

Just a thought, the new highs/lows is what had so many so bullish lately. I think it's a smokescreen for the major distribution that has been going on since January...
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