To: John Pitera who wrote (473 ) 3/16/2000 12:39:00 AM From: John Pitera Read Replies (1) | Respond to
The DJIA Chart appears to be completing an Expanding Trianglegeocities.com The session marked an incredible role reversal between old-economy industrial stocks and new-economy high-tech issues, which until recently had seemed immune to worries that have plagued the broader market. With renewed interest in cheapened financial and other out-of-favor old-economy stocks , the Dow Jones Industrial Average powered ahead 320.17 points, its fourth-biggest point gain, to close at 10131.41. The biggest gain ever was 380.53 points on Sept. 8, 1998. sudden discomfort investors are feeling with their once-prized technology stocks. These issues had risen to levels market watchers considered overvalued and destined to fall. Indeed, the past three sessions technology stocks have gone through some nerve-wracking losses. the index is still up 12.6% for the year, while the Dow industrials are down 11.9% and mired for some time in a correction from a high of 11722.98 set on Jan. 14. The question now is whether the technology sector will now become mired in a stumble as well.
