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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (96777)	4/14/2000 1:07:00 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 108040

Some stocks are oversold, yes. The generals (CSCO, ORCL for instance) are not. The JDSU's, EXDS's of the world are nowhere near where they have to go. The Nasdaq is overweighted to the generals because its a market weighted index. When the generals fall, it will perpetuate further selling in the second, third tier stocks. The speculative bubble stocks like JDSU also comprise a large amount of weight due to their market cap significance. But I have posted this over and over again: on Market Direction Analysis thread, Cisco thread, my thread, this thread. I am damn tired.