Dennis,
If you owned Cisco,up 5 7/16, Dell, up 5 11/16,AOL up 9, Sun Micro., up 3 7/8, and the rest of the usual high tech suspects, you'd understand. This is a very narrow market. These few big cap highly liquid stocks are moving the averages. Look at the advance/decline ratio yesterday. (You probably know all this.) The market is looking scary. I see a pull back coming on the slightest bad news.
Fortunately for me, the mechanical strategies I use have me in the above stocks though not in MSFT, up 5 3/8 or INTC, up 4 7/16. The scary thing is they have run up so much that they can drop like a rock at any time. Look at Nokia, another stock in my mechanical portfolio. It is down big in pre-market trading.
Good luck,
Bob |
