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To: Crimson Ghost who wrote (57859)1/4/2000 3:18:00 PM
From: John Doyle  Respond to of 95453
 
Good point. I expect a small rally in the NASDQ then a BIG shoe to drop. Then the trendlines of the techs will have been broken and the mo-mo players will look for sector rotation. It may come quicker then we think this year. I was expecting this to occur in the second quarter, but it may happen in the first quarter.



To: Crimson Ghost who wrote (57859)1/4/2000 3:22:00 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 95453
 
George, actually the XNG is the most beaten down imho. The OSX may be the furthest from it's highs, but it's still close to 80/48 or 66% above it's march lows vs 20% for the XNG.

If you want to buy "march levels" again then the XNG (mostly oil or balanced plays) are the one's imho.

PXD has been flat today, VPI is up slightly and OEI is holding pretty good.

VPI is of course the mostly oil play here with reasonable debt levels.