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Strategies & Market Trends : Tech Stock Options
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To: Compadre who wrote (57954)11/23/1998 7:34:00 AM
From: donald sew   of 58727
 
Jaime,

>>>>>>>>> All the big indices are near or at record highs, while the RUT and the SOX are still looking like a bear. <<<<<<<

The AIRLINES(XAL), TRANSPORTS(TRAN), BANKS(BKX), BROKERS(XBD), CYCLICALS(CYC), FOREST&PAPER PRODUCTS(FPP) have only rebounded about 1/2 of their losses or less, and looks like a bear in those indexes similar to the RUT and SOX.

That is not a few indexes. I wonder what the actual number of stocks which have only rebounded about 50% or less from the OCT lows. If I had to guess it would probably be more than 50% of all issues.

This doesnt mean the major indexes cant go higher, just that they are moving up on weak legs until the rest can catch up.

Seeya

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