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To: IQBAL LATIF who wrote (30904)3/16/2000 9:24:00 AM
From: ayahuasca  Respond to of 50167
 
Hi Ike
So what stocks do you like in the current environment?



To: IQBAL LATIF who wrote (30904)3/16/2000 10:54:00 AM
From: James Strauss  Respond to of 50167
 
The Market...
****************
Good analysis Ike...

Another market yardstick is the performance of GE...
siliconinvestor.com

Note the double bottom with the right bottom higher than the left... The 5 day MA is about to cross above the 13 day MA... The 2 day MA has already crossed above the 5 day MA...

On the NYSE the New Lows have shrunk considerably...
finance.yahoo.com

This looks like a rotation of money from the New to the Old economy stocks... Whether it is short term or longer remains to be seen... My guess is that shortly the New Economy stocks will be deemed oversold... At that time we should see the broader market move in the same direction, whether up or down...

Jim