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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (8716)	10/6/2000 9:16:25 AM
From: MonsieurGonzo	Respond to of 11051

TB> sure seems like the SnP wants to hold ~1427... ...the intermediate DownTrend from 01-SEP is broke, and the mo looks sideways. from what I can tell, the Fed wants to pump M2 towards the election; ie., money flows should be supportive - that is, if Greenspan's liquidity is applied to U.S. equities :-/ Greenspan's chart is apparently the TMW.X - Wilshire Total Market Index. The essential UpTrend on this chart is a Line drawn from CLOSE 18-OCT-99 through CLOSE 26-MAY-00 on out: I can't help but think that the 200d EMA @ ~13500 represents a "dip" buying op, if not the bottom {grin} ...as you said: question is, buy what ? Tech? what is Tech now... PC's? Semis? or, TeleTech? BioTech? They say, "Old Economy" and "New Economy", right? Now that "Dot.Com" is dead - when will some pundit say, "Old Tech" and "New Tech" (^_^) Fundamentally, "Old Tech" = the PC universe was always correlated to retail. When they kicked that RLX leg out from under the table - had to be only a matter of time before consumption-driven "Old Tech" fell on the floor. Looks like the Fundies bought some old (cyclical) turtles at the end of last quarter. Heaven knows, they dumped a lot of Old Tech Stocks! Surprisingly, the MID.X - MidCap 400 doesn't look all that bad this year (for a broad index). It has a nice, 100d EMA UpTrend... and it's up about what, ~20% or so YTD. mebbe the "New Tech" stocks are trying to bubble-up from this pool ~ I dunno... problem with these mid- and small-cap indices is that (in the long-term) they are self-defeating: when a little fish becomes a successful, big fish - it gets bumped out of the MDY pond, into the SPY sea. anyhoo {grin} alls I know is that SPY is holding its own, the QQQ looks kinda like Russian Roulette AFTER THE BELL and all that. fwiw, I'm parked in MDY today, looking for a bone or two ~ trying to figger out WTH happens after Yom Kippur. ...stay on the boat (^_^) there's always fish, somewhere. -Steve