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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (16271)	6/7/1999 9:00:00 AM
From: James F. Hopkins	Respond to of 99985

Donald; It makes sense to me, if your wrong we both are as I also do not see rotation at the top as resolving value disparities it kills the liquidity of the market , at best it's very dangerous. To me it signals a desperation on the part of fund managers to get their navs up and attract money , ( less is going into funds this year than last year )& more people are picking stocks. If they were going to rotate they needed to do it when we hit bottom last summer they could have got some nice tax breaks as it is they may well wind up down for this year and still stick their clients with Capital gains taxes on the stuff they came out of. Most of the bigger growth funds are not just lagging the S&P , they are down from last Julys high..they don't use that as a window to report their ability to make people rich, so far the windows they use make em look good. But come the end of this year their pitch will likey have to be re-written. The rotation is to much, it wouldn't be if it were not to late, they just waited to long. Jim

To: donald sew who wrote (16271)	6/7/1999 9:07:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Curious where you are getting the 2025 target for the NASDAQ. I have 2550 and 2575 as the major resistance areas according to my forks. Just curious, Good Luck, Lee