Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1014)	6/22/2008 9:18:54 AM
From: skinowski	Read Replies (2) of 3209

I don't find that tech has to necessarily "confirm" non-tech. Here are 3 examples, each in a different time frame: The DOW topped in January 2000, and the OTC's rallied to new highs into March. Last October non-tech's topped on October 11, and OTC's made a new high a few weeks later. Most recently, "Old Economy" made a top on May 19, and tech rallied to a new high in June. In each of those cases the perceived divergence did not stop the markets from breaking down. Therefore, I keep an eye on them, but find no reason to allow these things to weigh too heavily when it comes to making decisions.

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