The "safe haven" seems to be in the big caps, especially the high tech big caps. Here is a comment from Tom Dorsey who wrote Point & Figure charting in that regard:
Look at HFX if you want to see
where the money is going. HFX trades on PHLX and is the 5
largest cap stocks T,KO,XON,GE,MO and has made a new high.
The NDX is close to a new high and is the 100 largest cap
weighted largest OTC where 53% are csco,dell,msft,intc, wcom.
The hot money is going in these stocks. When you get to the middle and lower eschelon where Mr. Jones typically resides they're bullet riddled. Stay large cap.Tom
Message 4990742 |
