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

To: Johnny Canuck who wrote (25222)	2/17/2000 12:47:00 PM
From: shasta23	Read Replies (2) \| Respond to of 68258

It's interesting to see how the ball get's played between the sectors: the last days it was all semis, now it's telecom and biotechs and dsl and when that stalls i think internet will have corrected far enough to rotate money back into it. And all that while NYA and DOW are correcting and a lot of stocks showing real chart damage. I guess the technology sector with it's stories(it's all about stories imho semis,human genome, fuel cells, the endless growth of wireless, b2b etc)is the only sector that allows a veil of rationality in terms of valuations. It's just not that easy to justify a PE of 200 for MacDonalds or Walmart because their potentials and limits are better defined. On the NAZ it's all potential and nobody really knows how this all is going to play out. Stefan