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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (23541)5/25/2000 11:29:00 AM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Just got back from a visit to the emergency room with MOM. Shes OK, just dizziness due to lack of potassium. She hates banana's.

Took a quick look and this follow-thru is poor, since it needed to be strong across the board and strong/very strong in price movement as mentioned in my index update.

Market internals have improved and thats a good sign, so unless there is bad news, this rally should have a few days left in it, but I do not expect HIGHER HIGHs.

Surprisingly, CSCO and INTC have already entered the overbought region. There is still more upside but will be limited in terms of time(not giving a price projection).

The NAZ/NDX/SPX/OEX are now smack in the middle so the potential upside and downside is the same. If my short-term technical dont change by the close, I estimate that if the NAZ/SPX continues up it should be in CLASS SELL territory by TUE/WED, whether a CLASS 1 or CLASS 2 dont know yet.

Is today a hint that money is rotating from the DOW back into the NAZ. Starting to look that way, but could also be just a short-term issue. If it is an extended period of SECTOR ROTATION, to me that implies that the overall market still needs more correction, since EXTREME SECTOR ROTATION is an anomoly and anomolies are normally corrected before the norm can resume.

seeya