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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (129168)2/7/2006 5:20:31 PM
From: bcrafty  Read Replies (1) of 209892
 
As far as what's going to lead, I fear that the answer isn't as simple as many would like.

IMO it's not necessarily going to be any particular sector(s), such as banks, or semiconductors, or internet stocks - it will probably be individual stocks that have been in a strong uptrend for a relatively long time and showed high relative strength before the recent SPX top, and will thus have their uptrend continue.

For example, take a look at a weekly chart of any on this list from IBD.

investors.com

I note quite a few oil & gas stocks on the list, for instance:

stockcharts.com[h,a]waclyyay[df][pb10!f][vc60][iLah8,17,9!Lh14,5]&pref=G
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