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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (16811)10/13/1998 4:34:00 PM
From: Judy  Read Replies (2) of 120523
 
Money may flow out from the drug sector and banks/financial sectors to a few selected semis or stay by the sidelines. Market is at a critical juncture for a retest of its lows.

Said to a friend today to short IBM, DELL, CSCO, MSFT, LU, RMBS, GTW, etc ... into strength.

PFE ... the technical signs were there, when it broke historical support at 90. Never discount the importance of that, until one knows the reason why historical support was broken.

MANU ... cheap stocks will get cheaper. It's that kind of market.
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