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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (45343)	7/13/2000 4:58:18 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

OMD, I expect that I will probably start taking some profits tomorrow afternoon. I expect that we might need to have a little bit of a correction here before too long whether this is a bear market rally or whether we are somewhere in the midst of a bull market recovery. Lots of exuberance out there and for good reason. We have had a couple of really nice days. Let's not get sloppy though. I do expect the solid techs to continue bringing in good earnings. And as long as the market responds favorably to the good earnings, I will continue to treat the market bullish. Don't forget to watch the biotechs. As Pitera points out, they have been the "canary in the coalmine" in the past. They signaled the market top last March and they do appear to be leading the market by a few days. If their charts start breaking down, time to be more cautious. Tom