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Strategies & Market Trends : News Links and Chart Links

SPXL 212.36

-3.3%

Nov 6 4:00 PM EST

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To: Shack who wrote (3483)	11/5/2002 12:45:52 AM
From: Les H	Read Replies (1) of 29594

Most of the tech indices (SOX, NWX, YLS, GSO, ...) have been extended above the upper trading bands for the last couple days or more. The 50-day percentage is in the range for usual bull market peaks: 75 percent or more. They did sell off financial stocks (IXF), retail (RLX), oil (OSX), and food, consumer, and defensive stocks. Defense (DFX) is near 52-week lows also. Homebuilders look like they're all about to break above downtrend lines with Greenspan's help.

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