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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: adad69 who wrote (100557)	6/5/2000 10:36:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 120523

Ilid66 -- utilities: The utils have been acting irrationally with respect to interest rates for a long time now. They've been flying, up until the last few days, despite the threat of interest-rate increases. They became a defensive play, more than an "interest-rate sensitive" play. . . . The fact that utils are selling off with the other defensive sectors may in fact be taken as a bullish sign for the overall market. Like you and Lee Kramer, I'm not especially bullish right now -- but this rally has shown some legs, and as a trader you've got to take what the tape gives you. Just be ready to reverse course when the music stops!