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

To: donald sew who wrote (27665)	8/15/2000 9:18:00 AM
From: James F. Hopkins	Respond to of 42787

HI Donald; Right now it looks like any new money the fund managers get is mostly going to the NYSE, in as much as it's still a mo mo market ( the ones that go up tend to get bought by index funds and the ones down get sold) that is for the ones in the S&P index. I think this reallocation will run it's course and end after a month or two. Eventually the Tech sector will out perform ( if it don't then the market in general will go bearish ) I get cautious any time the leadership changes and was of the mind that we haven't seen the lows. I'm not as strong on that mind set nowadays as the Value Line has improved, but I do think we see another good dip, the Value Line has to break 430 to swing me from bearish to bullish. I won't jump in at that point but I will start looking for dips again. ================ Rotation has some cost relating to commissions and spreads and I would rather see all the indexes in step before ( at least going the same way ) this one up with another down is not very bullish.. It don't look like the VL will break the 430 today.. so I'm still on hold with more cash than stocks in my account. And I'm hanging onto the puts I have. Eventually the NDX has to assert itself over the DOW.. and until it does I'll stay cautious. -------------- This is overly simple but look at finance.yahoo.com then look at finance.yahoo.com --------------------- Then look back at the first one. I want to see the Red line ( UOPIX ) at least turn up above the DOW , S&P & Nasdaq on the 3 mo chart before I'll get over my negative attitude , that and the Value Line to break 430 .. BTW I like ROGSX but not right now, it can do better until things get rolling then the UOPIX should take over leadership again. Jim