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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: Casaubon who wrote (12659)5/2/1999 11:46:00 PM
From: Lee Lichterman III  Read Replies (2) of 99985
 
*OT* The DRG index is either at the buy of the year or about to fall through the floor. As I highlighted on my quick post earlier this weekend, the DRG and HCX have fallen hard and the DRG is about to break through a 2 year trendline on the weekly chart. Futures are up right now so maybe they are going to bouy this market up. I guess Goldman Sachs DOES have a lot of money. <g>

I am eyeballing a few grug stocks myself but I am not sure that I want to be long here and try to work my job at the same time. I am a lot more brave when I am home with my finger on the trigger and watching the screen. To playthe sector though, youcan either do as the other poster kind of stated and buy a leader, or else one of the Drugs stocks that looks the healthiest and most likely to rally if there is a rotation back into it or else buy Index options. Note you can not use stop loss orders though on indexes so you can't walkaway and be protected when playing the indexes.

PS - to all sorry I wasn't around this weekend, had a lot to do.

Good Luck,

Lee

EDIT - Dragon, J6P stand for Joe six pack. (investor that doesn't payattention to the market day to day and listens to advice from talking heads etc.
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