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Bart, this is my opinion on recent market developments. This is primarily a large cap correction, something I've been predicting on the Cube thread, before it actually occurred. Many of the small caps, especially the ones that got crushed over the past year, but recently, technically broke out to the upside ( like Cube, Dimd, Borl, Dtii, SIII ) have held up very well in here. Most of them are flat to actually up for the week. This correction is so different from the last two we had. Prior to this one, the small caps got crushed. This time its really basically a large cap decline. It's the institutions and big boys that are pulling their money out of here and their begginning to re-distribute it into the small caps. I have seen big institutional blocks go into Cube, Dimd and SIII on Friday. I say the torch of market leadership is being passed on to the small cap sector. I think this sector will rally while the OEX and S@P flounder after the correction is over. Be good. |
