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Strategies & Market Trends : Point and Figure Charting
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To: Tulvio Durand who wrote (19546)5/5/1999 8:48:00 AM
From: Ms. X  Read Replies (2) of 34811
 
Tulvio darlin' :-)

It is always good investment discipline to use sector rotation. The problem with the internets is they may be on a daily basis either in X's or O's. Right now the Inet sector is at 40 something (I won't be specific simply because I can't) what if it reverses up 10 minutes after the bell? At 40% it would be a good invesment based on sector rotation but buy Friday morning - it may be reversing back down from 70% again.
My point I think and this comes from many glasses of Hawaiian Punch and bags of Cheetos is that Internets are not really "investment" type stocks. This is not a revelation in itself but I was applying it to sector rotation. You can not use sector rotation effectively with internets it seems. It is easier to go by index and RS patterns. Again this is Cheeto rambling.
Internets like all other sectors have their time of glory. I've seen them hang above 70% for quite a while and with every stock extended, they continue to climb. Intets aren't doing that.

Sell the internets? Depends on what you have and what the original plan was. With anyone investing in internets I'm assuming it is for more "trade" purposes. Which case, stops should be in place and goals set.

But yes. I think semi's are a good place to look. CSCO is holding up very well and has support to 100. EMC I'd wait a little bit. Let the chart develop a little more.

Jan I am
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