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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (45080)12/15/1999 8:17:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
Thanks, I have buy signals ona lot of strong stocks as of last night so it will be interesting to see if they bounce or not. The NASDAQ looks like it is dead but I will have to see how the rest of the market acts as I think a rotation is possible from the high flyers to the "safer" stocks. My SPX and DOW cycles are in mid range terrritory while my techs are in over bought and triggering sell signals. If the supports hold in the non-glory stocks like MMM etc then it may try to bounce and rotate but if the supports fail, I guess the NASDAQ will drag the whole market down. Bonds didn't waist any time yesterday and the new lows on the NYSE was amazing at 573 which I think is close to the October low.

Good Luck,

Lee