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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (78528)	8/6/2003 1:28:43 PM
From: Perspective	Read Replies (1) of 209892

Actually, the ideal scenario would have tech underperforming non-tech at this juncture, perhaps to the extent that tech has already hit its high, with one last gasp left in non-tech. If that unfolds, expect to see gains in non-tech over the next 5-10 days matched percentage for percentage by tech, instead of the usual beta of two for tech. A choppy, 7% final leg up in SPX would produce a nice rounding top there, while 7% in NDX would just about take it up to establish a falling resistance line. BC

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