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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James F. Hopkins who wrote (17541)7/21/2003 5:34:12 PM
From: t2  Read Replies (1) of 19219
 
The HIGH BETA slipped on down today..but on the
bright side they didn't slip as much as the QQQ..


good observation.

I have shifted some more into high Beta tech stocks today. They have been beaten up for years now and it seems to be a reasonable bet to buy them on the dips in this environment...if one believes we are in a cyclical bull as I do.

Today must have made the bears of the past 3 years think the market is back to normal and about to plunge. That thinking is what will most likely launch this higher.

jmho
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