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Technology Stocks : Softkey (SKEY)?
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To: hoodie who wrote (205)4/9/1996 9:26:00 AM
From: zTrader_77   of 247
 
It looks like the funds are starting to pull out of the index funds and coming back into the techs/semis. Jack Rains, whose been trading longer than I've been alive and posts on Prodigy, said last fall that the funds were dumping the techs and buying into the bios and indexes. He stated that as soon as the market corrected that the funds would rotate out of the indexes and back into the techs. He also stated that the funds would rotate out of the internet stocks. Looking at yesterday's action he hit it right on the mark. Indexes down but techs up. In the semis discussion, the reversal started at 1:30. Looking at Sofkey's intraday chart, 1:30 was also the reversal. It looks like its upward bound from here, goodbye teens, Hopefully :}
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