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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (7227)	11/10/1999 1:31:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

ynot:" SPY + QQQ " >QQQ relationship to S+P appears to be changing ? ...well, with QQQ up what, +40% YTD and SPY up only ~10%, then the capitalization "weights" of those NDX-100 stocks within the SnP500 index is growing - so yeah, it's changing, ynot - but is this really anything "new" ? For the most part, IPOs do not directly affect QQQ. When we dump the NDX-100 components we see all kindsa stuff other than MSFT INTC DELL the old, "TECH = PC" paradigm; stuff like WCOM/QCOM and AMGEN/BGEN that have little or nothing to do with the WinTel duopoly. The biggest change that I have observed, ynot, since the bottom last OCT-98, is the subtle re-definition of what "TECH" is. I think it's momentum, ynot. The herd is buying what's going up and what's going up is what the herd is buying (^_^) I'm a lousy momentum trader so, if you're into mo then hell, jump in and slide STOPs behind, is about all I can muster. When prices are going up, my CORE is growing faster than SnP, and I'm "harvesting", selling shares off here and there, trying to keep allocations reasonably balanced. >...to understand start/end sector rotation ? as you said, you can chart the bellwethers from the start of some "dip" like 18-OCT. Or, even better, set up the MSN portfolio thingy for a hypothetical "buy" of $1000 worth of stock for each bellwether (or the sector index itself) from 18-OCT... BKX.X = C IUX.X = AIG XBD.X = MWD PNX.X = T TXX.X = MSFT SOX.X = INTC NWX.X = CSCO DOT.X = AOL RLX.X = WMT DRG.X = MRK BTK.X = AMGN OIX.X = XON OSX.X = SLB CEX.X = DD FPP.X = IP UTY.X = DUK XAL.X = CAL ...for example; and by following their relative growth and decay from any "dip" day (or week) origin picked out from your SnP500 chart, you will likely see "rotation" going on. -Steve