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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (8198)	2/10/1999 8:39:00 AM
From: LastShadow	Read Replies (2) of 43080

More reposts: TECH LEADERS: No question, techs were at the heart of the market's amazing rally over the past four months. And it has been the group leaders - Dell, Cisco, Lucent, etc. that have been pacing the sector/market. As such, traders will want to keep a close eye on these stocks for signs that the current correction has run its course. Recent history suggests that the big cap, well known industry leaders will outperform on the way down just as they did on the way up. So far, so good. Average decline is 16.1% - including AMZN and YHOO... Ex-these twovolatile Net stocks, average is 12%. Typically, big (non-Net) names willfall between 15% and 20% before bargain hunters step back inaggressively... AMZN and YHOO more likely to fall by between40%-50% before attracting bargain shoppers... Based on this pattern,Briefing.com expects techs to remain on the defensive for at least a little while longer as sector has no chance of sustaining a rally without participation from these leadership stocks.

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