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

To: HairBall who wrote (33824)	11/19/1999 10:48:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

My point is I don't think the market is moving as a whole in times like these. Favored sectors shoot up one at a time more usually. Therefore, I'm not so much stock picking as value sector picking. And if you like charts then take a look at the one for UIS for example, or IMRS or ANF. You'll see the roller-coaster just dipped down into the valley of death about 50% below the 52 week highs. And volumn is building lately, along with excellent earnings. I'm no technical analyst but I have common sense numbers intuition. And when a stock is marked down 50% for no good reason and related sectors and stocks are making new highs then that attracts my attention. Also it's Xmas, Y2K and the new year coming up. So look at charts for stocks whose upward performance has climaxed around or after xmas or January and you'll see what sector is most likely to take over leadership. I'd say that's on topic whether I understand the technical stuff or not.