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

To: Terry Whitman who wrote (24615)	6/27/2000 4:23:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I wrote a bit of a long post about it on our thread but basically it was saying that the Techs can't run forever if the Brick and mortars that feed them the revenues don't have money. With the Trannies, utilities and Basic materials getting slammed, the cash flow for the techs will start slowing if not dry up. We need a bounce in them before a sustained rally in the techs can happen IMO. Well today's close doesn't give much elation for the bulls. I was feeling bad for being slow to buy this morning (actually I slept in late) but not anymore. DD faded into the close and the tech gorillas really fell hard after a brief attempt to ramp up into the close and hitting thier heads. Note how the NDX lost 50 points in the last few minutes. The only bad thing abot the basics and cyclicals are many of them have poor management (good old boy clubs) or are really being impacted by oil prices etc. I was looking seriously at DD this weekend but when I dug into their board of directors and management team I wasn't impressed. I also found a lot of news pointing out how oil prices were affecting the chemical stocks and manufacturers of oil based products ranging from tupperware to diapers. I also talked with my father this weekend who retired in a farming and cattle area in the middle of the country. He was talking about how many of the farmers and ranchers don't even plan on harvesting hay or crops since the gas to run the combines, bailers etc will cost more than the feed or crop is worth. I guess when they start selling the herds off this fall so they dont have to feed them through the winter it will give the Fed more ammo to manipulate the numbers since they can offset the higher oil prices with lower beef costs and claim inflation is dead. Good Luck, Lee