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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (24985)	1/30/2000 11:59:00 PM
From: Johnny Canuck	Respond to of 68096

Dorothy, The 12 sectors Clint used is something I am still playing with. The sectors listed in #24968 are not the 12 sectors I referred to in post #24842. My guess at some of the sectors are: Internets, Telecom Equip, Networks, Financials (surrogate for the BKX), Drugs, Retailers, BioTech, Chips, Chip Equip, Software, Telecom Carriers. I am not sure of the last category unless it is a break down of the internet into Internet Content(ie AOL, CMGI, DCLK) and Infrastructure (EXDS). The sector breakdowns in post #24968 are my own sectors and reflect something I have been using for the last 2 years, so I am more comfortable with them. I am posting the list more as a record for myself. I am hoping it will be of interest to others not familiar with sector rotation. The posts to myself tend to be notes to myself about things I need to review or want records of to refer to at a later date or will require further research. Most of it hopefully is of interest to others, but they are more for my own reference. It is good that is is generating some questions/debate to as it means I have to think things through properly. It does not looks like there is much fear in the printed press this weekend. I don't really sense much fear on the S.I. threads either. It appears most people are just going to stand aside till after the Fed. I don't think the open gap will be very deep though Friday may just have been the deer in the headlight reaction as the volumes on a lot of stocks were below average. I think people were waiting for it to recovery going into the close. The fact that this did not happen could cause the gap on Monday. Given the lack of news typically on Monday at the open and the Fed two days away, we should dip. Given the lack of any serious damage to stocks though we will attempt to rally from the support levels (watch the test of 50 and 100 day EMA's/SMA's.). Thomas projection of a tank followed by a rally after the Fed followed by a tank and eventual re-test of the highs is high likely. The re-test of the high will be fed by the retirement money that is about to come into the market. The reading on T2113 (number below 200 SMA) indicates we are not oversold yet nor or we overbought so not be market melt down is in the cards. The EPC is not indicating an extreme either.