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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (65785)	10/14/1999 4:58:00 PM
From: stan s.	Read Replies (1) \| Respond to of 90042

Hi Bobby. A pleasant day today as the exchanges held the line. The Naz continues to diverge strongly irrespective of the Dow...forming higher highs and higher lows. The Naz is being forced into a corner...over the next few days if it breaks to the upside it could soar awhile...conversely if it doesn't hold that trendline to the downside it could get nasty. Is it an ascending triangle or a wedge? Too close to call but indicating widely divergent results. Earnings continue to look very nice, the Dow is having less and less impact on the techs as time passes. It usefulness as a leading indicator has been in decline...thankfully. As you say let's get through the numbers tomorrow...as an aside, I'm almost fully invested but always ready to sell. I remain cautiously optimistic on the techs near term. The fly in the ointment remains the general pummeling the decliners are giving the advancers in terms of sheer numbers. That fact alone inhibits a real advance...that has to change. As far a HAS, it might be a great buy here but I only buy with at least some show of strength, irregardless of how unfairly a stock has been beaten down. Best of fortune. Stan