Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (23896)	10/7/1999 12:13:00 AM
From: shasta23	Respond to of 69956

Maybe you're right about the change of leaders. I was thinking about that too and maybe it's the start of change but look at the market cap of a few candidates: MSFT 481.7 Billion HLIT 2.07 JDSU 23.2 INTC 254.2 EXDS 5.72 DELL 110.5 I could continue but i think the pattern is clear that the perceived new leaders are dwarfs(maybe growing dwarf becoming gorillas) compared to the old guard. Can i draw any consequences from that? I don't know but i would not dismiss the importance of the old guard. As a sidenote:I have a tendency to be too bearish and miss opportunities that way but with a naz at 2857 -only 50 points away from an all time high- i'd rather go short INTC than long since it's still trading under it's 21EMA and 50DMA. The question is maybe: how high can the naz go without the old guard really participating(except CSCO)? 3000? The market is drawn to round numbers and i can only guess that 3000 might be something the NAZ can do? But we will see. Stefan p.s. WCOM is a new giant in market cap and could be considered a new member of the horsemen club...and it's chart looks very weak!