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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (40268)4/17/1998 7:47:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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Something that I heard on CNBC that aroused my interest. It was mentioned by some of the floor traders that the corrective cycle in this market is going from sector to sector, rather than most of the sectors at once.

So lets say I apply my short term technicals to attempt to identify the most overbought indexes and go from there, regardless of what the darn DOW does.

I will do a bit of back testing to see if that makes any sense. If that is correct then the NDX, MSH and some other HiTech indexes may be the next to go.

Seeya
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